I forget which one I bought for my rental a couple of years ago.  

And now with rates being high, plus many areas overbuilt with new apartment buildings, I’d be careful with unknown areas, and also what you read in the media about “hot” areas, up and comers, etc.I was in a similar situation to yours a couple years ago.

Whether that's mobile home parks or any other kind of commercially valuated endeavor is a matter of personal comfort and preference.

We recently signed up with Steadily, which is the preferred insurance partner of FurnishedFinder.

This is an old thread that was revived with the recent reply, and re-reading it now, I want to correct a couple things. 

Small upgrades or re-leasing to market rents could boost your cash flow and provide additional funds for your San Diego purchase.If you'd like, I can connect you with a lender or help you explore potential properties in your preferred areas to see what’s realistic within your budget.

I'd prefer 30 year fixed rate debt at 7% over this arrangement unless there is something that I am missing.

You will want to interview at least a couple of realtors and determine what resources they have available for you in several arenas (lenders, contractors, more). 

The city also confirms if the utilities have capacity which they do.Its a simple case of NIMBYs having a huge voice in this jurisdiction. you are doing everything right. just file a couple lawsuits get a good lawyer and keep going. 

Homeowners who sell their primary residence must pay taxes on profits exceeding $250,000 (or $500,000 for married couples).