It's nice to meet you!

I would confirm this first.Otherwise, I just use Excel and develop my own pro forma from there.

I did get grandfathered in and the area where I bought is in a nice part of town. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Nice , would love to chat one day ! 

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

I also don’t like renting really nicely rehabbed properties, most renters don’t take care of properties as well as we would hope.

•Incoming Market Changes & Local News: Keep an eye on city regulations, new developments, and economic shifts that could impact STR demand.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Most take near a year in southern Ca, but you hear of exceptions in both directions on that timeline.What some developers are doing here is leveraging the affordability issue and getting permission to build additional ADUs by designating some as affordable or semi affordable units.