SF is a very unique market, and actually may be a great time to buy right now, especially if they can successfully turn the city around. 

STRs need to be viewed from a 365 day lens so if the numbers work well then, you still can be successful.

Hey Surya,Welcome to the community.Wishing you success on your journey.

Congrats on your success so far.Some random thoughts for you:- It might be difficult to tap the equity in the rental at this time given the current state of interest rates. 

Curious what success people have had with this.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

The Shadow Ln deal was an outstanding success.

I currently own a successful short-term rental in Fort Lauderdale and have identified a new property nearby that I’m confident will perform well.

I successfully cohost 2 MTRs fully remotely - one in Richmond, VA, and another in Palm Springs, CA.

Wishing you continued success as well!