I provide short term rental furnishing and renovation finish list that includes paint colors, light fixtures, cabinets etc.

Natalie - would you be able to provide color as to why the audits of DIY cost segregation studies were not allowed under IRS audit?  

So, generally, they'll talk to you with rose-tinted glasses and have you drink the cool aid.It doesn't mean you can't find a deal though.

Full disclosure, I have not purchased in San Diego since Dec 2021 (shortly before rates rose).  

Quote from @John Rose: Hello all, new investor from Texas here. 

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

Sounds like an easily executable deal from what you've stated but likely need more color to offer path forward, terms, etc.

Look, @James Wise is arguably the "King" in this segment your speaking of and he's not gonna pump sunshine up your tailpipe saying it's all roses and fairy-farts.     

I would also question how the house gained 55k in equity, or ~24% in 2 years when interest rates rose and demand fell.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.