Here are some considerations for both options:Investing Out of State:Affordability: Certain out-of-state cities may have more reasonably priced real estate, enabling you to get into the real estate market sooner.Cash Flow: Compared to pricey locations like San Diego, turnkey houses in other cities may offer higher cash flow.Diversification: You may diversify your real estate portfolio by investing in several markets.House Hacking in San Diego:Local Knowledge: Having knowledge of your local market might be beneficial.

If hiring a property manager frees up your time and enables you to concentrate on activities that generate revenue, it can be worth it.For your next house hack, think about working as a group.

These type of people always have a story about the job they're about to get, tax refund coming soon, inheritance, etc. and when you drill down you find out they lack basic things (ID) that would enable them to follow through on their plans.

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

This could help offset some of the high construction costs and enable you to offer lower rents to tenants.2.Consider mixed-use development: Instead of solely building apartment buildings, you could also consider incorporating commercial spaces such as retail stores or offices into the development.

I am investing for the long term, so I am not extremely worried about cash flow, and more interested in playing the appreciation game/rent growth game.

Where photos are provided, they are not with GPS tagging enabled so I can never validate if it is actually my property3) Poor communication4) Most services are in-house, so even if the work is not legitimate, they own the handymen that write the invoices to make it look legitThanks for posting.

Self-directed retirement account investing does enable investors to have the cake and it too - but not all at once.Best of luck!   

This would enable you to “be the Primary Lender, manage the loan and receive payments from the Borrower” as you want.

You think it may be easier to sell it and use that money to buy a smaller house, enabling you to live in the neighborhood you love so much.