Financial freedom isn't simply about replacing your current income, because inflation continuously drives up prices, making a fixed income insufficient to maintain your standard of living.

He's in an age and stage of life where he needs cash, not investments.He is fine with me replacing the tenant at market rate if that's what I need to do.

In '23 the state set records for tourism revenues and visitors to the state, a hat tip to your point about year-round demand. 

Unfortunately - my current lot for my primary is 1 acre and VERY sloped, and close to a water source (creek), so the county has not even allowed me to permit my downstairs finished basement without an extremely costly renovation to our septic (over $60,000, and that doesn't count demo'ing and replacing our driveway to get to the existing tank and leachfield), and even if I could permit it, it would essentially need to be a treehouse in the redwoods due to the slope (not a bad idea though, I would actually love a livable treehouse on this lot!

That’s all very helpful and thank you for the tips. 

i noticed though that the strategies you proposed are very different... an STR is a hospitality business and syndication is (in theory) at least somewhat passive.my main tip in getting started is not to rush into anything. 

Please, share some tips and cite the pages and books on what was so enlightening that one cannot find for free in the forums here or on Youtube.  

Welcome to the community and be ready for a huge amount of information at your finger tips.

Hey Jordan, Thanks for the response and tips!

If it all checks out OK, they could just replace that section, mud, tape and paint and it'll only cost you a few hundred bucks rather than filing a claim with your insurance.