There's definitely a learning curve but as long as you're prepared for it all both mentally and financially, it can be extremely rewarding.Also starting up my first STR here in CA soon... just my ADU we're almost done with at our primary.

I think it actually matters more of the distance from your primary, but I would definitely talk to an investor-friendly lender to see their thoughts. https://www.biggerpockets.com/business/finder/lenders

– I’m exploring whether I can remove the SRO designation and replace it with Artist Dwellings, but I’m unsure of the legal requirements or how this conversion works.If anyone has clarity on the definition of Artist Dwellings or proven strategies for making this type of conversion, I would greatly appreciate your input.Thanks in advance for any insights!

I will definitely be reaching out!

If I were managing the property my current legal situation would definitely not have occurred.

Rate will definitely be higher and you may fighting an up hill battle when it comes to DSCR.

You are definitely negative cash flow.Yes, I would consider selling it and moving the money to a property that performs better.

I agree and he definitely is doing what I am looking for (or it seems to be from his IG) but we all know how social media can be.

I definitely felt that way for ours.

Hey @Alex Short, it’s definitely do-able to cash flow on a multi-family unit.