Additionally, are there any other factors I should be considering when purchasing a duplex or triplex?

They bring higher tenant turnover, limited cash flow, and attract traditional tenants who aren’t your ideal long-term buyers.

Not sure your situation financially but even your $100,000 HELOC is going to probably run you $12,000 additional each year in expense that you've got to factor in.

Tahoe isn't ideal right now as the local community is vehemently anti-Airbnb and the permitting system is challenging to navigate.

If you're considering house hacking a multi family property, some lenders might be able to factor in potential rental income to help you qualify.

I mean by safest is on the volatility, for example STRs have many different factors, seasons of the year, local government regs and much more.

Have multiple exit strategies, do not be over leveraged, and make sure you are factoring market changes.

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However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods.

Once you have those answers and find out how Airbnb would penalize canceled bookings...that alone is huge deciding factor for some old/new STR homeowners....you can move forward with the best answers that would help you meet your 12-month goals!