The data shows that I’m highly creative, mentally tough, composed, and highly adaptive.

Plus, Las Vegas tourism continues to do well due to its adaptability.

Continuous learning will help you adapt to evolving conditions.Best of luck!

The following is how I define a dependable passive income.Reliable - You continuously receive the income with minimal interruptions, in good and bad economic times.Inflation Adapting - Your rental income increases faster than inflation, so you have the additional dollars you need to maintain the same lifestyle.Persistent – The income continues for a long time; you and your spouse will not outlive the income.Selecting a dependable passive income location is the second step in a process for consistently buying dependable passive income properties.

As an investor, I would think you would change your strategy when the market changes to adapt to the environment you find yourself in. 

In the 3- Star property segment, price declines were less pronounced, falling about 15% from the peak where deals once traded for approximately $210,000 per door.In addition to asset quality, investors adapted their approaches to stay ahead of rent growth, leading to noticeable shifts in sales volume rankings.

I hope I didn't seem rude but that other house isnt a comp, and I didn't have the benefit of seeing the comps used during DD.Please read the other comments carefully, they're all correct.I really don't see any STR/MTR exit with the exception of blue collar field service guys & that's a challenge too.I agree with you & the others that LTR is also going to be a challenge in that area plus AB 1765 goes into effect on Jan 1 2024.I'd pull it, re-list & get rid off it ASAP.Learn from this, adapt your SOP'S, re-examine your underwriting & don't take what the Realtor says as verbatim.

If you're considering jumping into this market or expanding your portfolio, make sure to do your research and stay adaptable to the changing landscape.

With some of the NNN leases, they offer 20 year leases, but like you said earlier the building has to be such that it can be adaptable to other business.

Adapting is key in the world of short term rentals.