I hope you understand this is purely about what works best for my budget.

If your budget is so tight that you can't handle a small leak, what will happen when a tenant fails to pay the last month of rent and abandons the property with $6,000 in cleaning and repairs?

Do you have an idea of the purchase price that fits your budget and/or what your mother is able to pay in rent?

Quote from @Jay Hinrichs: I invested in a winery/wedding venue at the end of 2023 because I needed a quick tax strategy and couldn't find a property fast enough.  

For instance, a property purchased for €300,000, with a renovation budget of €50,000, could sell for €400,000, yielding a net profit of approximately €50,000 after costs.In Spain, flipping projects often yield even higher returns of 15-20%, thanks to the growing demand for renovated properties.

Renting out one room has been awesome, but we also tried a live-in flip, which went way over budget and was a headache.

However I don't have enough cash budgeted out to put a down payment on a second STR.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

  - US Treasuries, with each passing year, are "less safe", putting upward pressure on yields: Regardless of the election outcome, neither party is about to solve the budget deficit.

What is your budget for accounting for the year?