Simple enough.What makes it unique is that we have operated a profitable and successful business out of our home for nearly 4 years as a highly booked Hostel and event space + potential urban market farm.

Keep your exit strategy flexible; if the duplexes don't perform as expected, selling could be a safer option.

It’s not just about managing assets, but people too.Market Reputation – Always perform due diligence and assess the firm’s track record through interviews, property visits, and broker consultations.Choosing a firm with these qualities ensures better management and long-term success.

Rent increases might have been tough, will be interesting to hear of your success here about raising rents.   

Practice makes perfect, and stay curious for success in the real estate investing world.Good luck!

Hello everyone,I am buying an RSO-controlled property in Los Feliz and will be performing a no-fault eviction so I can move in as my primary residence.The property is currently a duplex, with a 2 bed 1 bath on the top and a 5 bed 3 bath on the bottom.

I believe that having multiple properties can enhance the performance of each property I own.

It’s always inspiring to see someone dive into new territory and come out with such success.

I'm utilizing the search on BP forums and reading what older investors have done successfully.

(I do have a unit that I plan to make into an MTR sometime in the next few years... that's as far as I've gotten.)My opinion is that you should invest in STRs because: you're passionate about hospitality and therefore want to own and operate an STR successfully.