Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).  

I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.

These loan types allow you to do up to 90% of the purchase price and 100% of the renovations financed as long as you meet experience, credit, and LTC/ LTARV requirements based on an appraisal or virtual inspection.

Pricing at the time of the purchase, close to the university and the university frats.

They are in their own little universe, just a complete alternate reality.

I suspect I spend more for the umbrella policy than virtually everyone.  

Princeton University’s Eviction Lab estimates 1.5 million Americans face eviction annually.

While I agree that the STR market has matured and margins are compressing, I don’t think this is a universal truth especially for Americans buying in international markets like Germany.

And in my opinion both have their pros and cons and neither is superior to the other (and that's why I have both in my portfolio).Passive investments can be structured in virtually any way and usually they pass on the exact same tax benefits as direct (at least from the ones that I consider to be "acceptable").

I will provide some thoughts on the San Diego purchase- virtually all high LTV mls purchases since rates started to hike have negative cash flow at purchase- historically great appreciation- historically great rent growth but recently flattening- prop 13 is great benefit for long holds- laws keep getting less LL friendly.