Congratulations Greg, Those are amazing returns from. 2014 to 2023 over a 10 year span to average 40 per cent is phenomenal.

Average annual rent growth dropped from 4.5% in April 2022 to 2.4% in December 2023.

San Diego SFH rad average rent increase of $600/month last year (source Core Logic).  

Hopefully property taxes do not go up.Long term say 50% average. 750/2 = 375 X 12 = 4,500 cash flow a year pre-tax4,500/40,000 = 11.25% return annuallyThis is just off the cash flow and not any depreciation.Good luck and I hope it works out for him.

Do the Airbnb discounting, price a little under market, make sure your cleaning fees are at or below average, looser cancellation policies will all help.

I am currently only looking for deals that make a lot of sense and the one today offers 2X the cash flow per unit than is my average on my other units.

It was written before the days of YouTube, so it's not full of the common nonsense where authors sell a course, send you to their website for downloads, or write a follow-up with additional "secrets" they forgot to put in the first book.Long-Distance Real Estate Investing by David Greene was another good one.

The state has always had many hurricanes and while insurance here is higher than the national average, our housing price to amenities ratio is one of the highest around. 

I work a lot, probably more than the average W2, but we also travel a lot, at least 6 trips every year.So that's what's driving me, numbers on a screen are nice, but they are not fulfilling on a personal level.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.