I have seen pricing nearly double in the last 5, 7 years, and see it getting even stronger.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

In this case, you won't see as many returns as you would without it, but it's totally passive then and the short-term rental rates are stronger than your average long term renter. 

I have an apartment complex there and feel the market can only get stronger.

This will give you only a stronger position when you decide to invest.

While the cash flow might be the same NOW, I think the four-plex can have stronger appreciation long-term and can yield a stronger cash-flow down the line. 

I am a stronger believer in the wealth accumulation from buying a home in the Bay Area.

Wish I built it wider and stronger from the time I started. 

Selling now means you could miss out on potential future gains.Market conditions: If the market is currently down, you might not get as much for the property as you would in a stronger market.Option 2: Get a Loan to Fix the BasementPros:Increase property value: Renovating the basement can add significant value to your property, both in terms of rental income and resale value.Higher rental income: With the basement fixed, you can charge market value rent, which could help cover the mortgage, property taxes, and the cost of the loan, with the profit potential.Tax deductions: The cost of renovations can often be deducted from your taxes, either through depreciation or as an immediate expense, depending on the nature of the renovation.Cons:Additional debt: Taking out a loan adds another layer of financial obligation and risk, especially if the increased rent doesn't cover the loan payments.Renovation risks: Renovations can sometimes uncover more issues that need fixing, leading to cost overruns and delays.Market risks: There's no guarantee that the market rent will remain high or that you will find tenants willing to pay the increased rent.Additional Considerations:Current Market Analysis: Understanding the current real estate market in your area is crucial.

In addition, a Revenue Ruling is stronger guidance than a Revenue Procedure, so the DST has a slightly stronger footing in terms of tax rulings.