Then I would start with picking up the phone and calling all retreats, yoga studios, wedding planners etc in your local area.

If you are thinking short term rental because Universal studios is fairly close, you can't STR in Orange County, so that is out too. 

Hey everyone,I've been consuming BP content (podcast, audio books, the forum, etc.) for the better part of 5 or 6 years.

Hopefully things will improve when the new Universal Studios park opens up.

I have a property I own with 2 commercial units on it (A Subway restaurant, which I own, and a dance studio).

Vacancy: 6.3%Vacancy by Bedroom: Studio(5.4%), 1 (9%), 2(6.1%), 3(5.4%)Rent by Bedroom: 1($696), 2($1,537), 3($1,091)

He is oriented toward Studios and 1 bedrooms in dense cities using IKEA furniture & lease agreements with landlords. 

Purchase price: $242,500 Cash invested: $50,000 A standout in my investment portfolio, this Jersey City studio is in a prime location with a top-class HOA and great building maintenance.

Purchase price: $810,000 Cash invested: $450,000 I had purchased a studio next door to a 1 bed apartment I owned, and was going to combine them into a 3 bedroom.

The garage and the basement can each be converted into studio ADUs, and I think the price tag would be around $300K.