I have experience in single family fix and flip, 1-4 family rentals, small apartments (10-30 unit), 100+ unit apartments, development, commercial retail, industrial and office.

Begin with the end in mind and work backward to develop a roadmap for achieving your goals.

those that dont know CA have no clue how much development is there and there is no way its going to crash like a detroit or something.  

Conversely, a new built A class SFR, in A class market of significant growth via a well laid out planned city development, great schools, area people are glamouring to move to, a-class tenants, very very low risk.

The developers pushing agents to sell one of their townhouses as a STR really inflated the asset cost cause they were pricing it on a revenue structure, not asset.

I had to develop tenacity and perseverance when starting my business back in the mid 1990's. 

Hey All, one important aspect to consider about real estate developing paper losses.

Quote from @Jaycee Greene: Quote from @Jamie Parker: @David Mares The short answer is to build and develop the area.

We’d love to collaborate further and share more ideas as you develop your vision.

Thanks as always.RL Local PM here, we develop and have a wide portfolio, happy to model a cashflow analysis and if possible, find ways to increase your properties income.