Between growing up in these areas and my work experience going into 5-10+ different households a day I offer great market insight.

The city’s vacancy rate has plummeted to a mere 1.4%, the lowest since 1968, amidst a stark imbalance between housing supply and demand.Despite adding 60,000 homes, the population surge of 275,000 households has left only 33,000 rental units accessible.

., CBRE, Colliers).)Affordability: Ensure household income has grown at least 1% YoY for the past 20 years.

All of those are rather strong areas with a lot of pent-up demand for rentals and a strong average household income to make higher-end properties pencil.

I am 59, and my household includes my wife and two adult children.

When I invest in bay area, where the median household incomes and average property values are so high, focus shifts from places meets my criterion than crime and quality of neighborhood.

The metrics to really gauge are median income per household, available in fill lots, debt levels, and the business life cycle.

You can transform a space that you merely use for storage into a cash-flowing rental to subsidize your mortgage, your bills and other household expenses.My journey to house hackingIn Spring 2022, my neighbor mentioned he had started renting out the Accessory Dwelling Unit (ADU) on his property on AirBNB.

@Max Householder Thanks for your reply!

Only herself will be living in the new residence and daughter in college probably spends summer and weekends in the residence so it is not a large household.