For choosing an area: back then I did it by looking for frontiersman in the bodegas.  

Just be sure to choose a lender offering non-Dutch interest on the rehab funds, meaning you only pay interest on the rehab portion if you actually draw on it.

My expertise is property management & I could help you with how to choose the right property management company, but it appears you are planning on self-managing.

I feel like having such a low payment and rate make it stupid to choose selling the house, but since I haven't been in this position before, I thought I'd ask here. to d The other consideration you would want to consider is your VA entitlement if you are hoping to buy the next house with a VA loan.

This is why many buyers choose to pay cash even if they don't have to as they want their cash to be invested indeed, especially given the current inflation.

As you already know how much money it makes, you can choose how much Loan-To-Value you want to pull to get the monthly payment that gets paid by the business and you pocket the rest.

Rent control in the bay area can be extreme as many areas have rent control in excess of the state mandated rent controlIn general experience RE investors are not choosing to add a single ADU in single family zoned areas.  

Here are the reclassification percentages.HOW DO I CHOOSE A COST SEGREGATION STUDY PROFESSIONAL?

Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in:  choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!

Even so, most people choose to buy coverage for things even if there's a 99% chance they won't need it.