It hedges any downside risk and increases cash flow.

But I do have some family in Canada that have told me there has been some tax increases to the STR owners to try combat housing issues.

A simple explanation might be that rents have increased to offset higher mortgage costs, but what about property owners who locked in rates below 4%—or even 3%?

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

Strategic pricing and market positioning were key factors in increasing the property’s value.

You want to know whether the mentor will cater to your specific needs or simply follow a standard program.6.

If MTR is a good strategy you will further increase your cashflow.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

But I think you are asking for a standard timeline for a basic transaction @Kiryl Ulanovich. 

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.