Charming, smaller coastal towns with a slower pace of life, natural amenities, seclusion and semi-self sustainability are high on the wish list of many high level clients and investors. 

,As a I shared with Jorge, I would like to move to Miami for better quality of life and opportunities in other arenas.

Juggling between work and personal life can be tough, but having a property manager can take some of the pressure off and let you focus on your other priorities

While you may not have learned much about real estate you have learned a lesson about life and business.

I have no w2 job, a lot of toys (need to get a plane), can do what I want, can assist my son to find his way in life (he is leading his 2nd rehab) and if I wanted I have generational wealth (I have given away a lot money the last few years).  

I have renovated 12 houses in my life and just finished renovating a 1939 bungalow in the Oakland Hills and building an ADU on the same property out of the garage.Anyone who answers the presented question with solely a "yes" or a "no" without first referencing their local city's or jurisdiction's building code would be guessing.

They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover?

Quote from @Christian Styles: Potentially able to help you find someone but I would need to know specifically where the property is in order to know who to recommend.  

You start by mentioning your age... you'd need everything to go just right for the rest of your life to make, best case, $400 or less additional each month net cash flow. 

Look at recently sold properties in the same neighborhood that match the size, condition, and style your property will have post-rehab.