The very tragic LA fires have generated a lot of discussion about insurance costs.

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

For these, costs tend to double across the board, especially for older buildings.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

However, co-living allows you to acquire properties with as little as 0%-5% down, drastically reducing the amount of cash required.Instead of needing $100K+ to buy a rental, a co-living strategy lets you start with a fraction of the cost while achieving higher returns.3.

I personally do not prefer to hold high cost SFRs as LTR investments.  

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

It is going to cost more than you expect, and you'll have that "Oh, crap!