You can always speed up the equity/ARV if you can renovate or add sqft possibly an ADU.

The speed was more important than the price.  

My coach says to move by the speed of instruction, but I'm not sure if my own market of Sacramento, California is worth spending a lot of time and money in, especially for rental properties.

SPEED - I've had private loans close in 4 days.

Alternatively, once the existing tenant is out, you can lease at market rate.The real challenge of "non-landlord friendly" areas in the form of: your ability to adjust their rent from one lease term to the next, rent control issues that would limit your ability to ever push rent increases over time, any mandates on required renewal options for existing tenants (typically come with rent control measures) and the ease and speed with which evictions are processed. 

I have interviewed 4 so far and none really peaked my excitement.

Too many people jumped in to the STR market when it was near its peak in 2021-2022 causing many places to be saturated.  

I simply just don't trust the news these days and have to look at my own markets and stats.I think the part everyone is conscious of is we saw a post-covid peak that in theory will not return, and we made a gradual return to 2019 levels.What I do think is true, per AirDNA, is that ocean and mountain markets saw the biggest increase, and now the biggest fall.... and now what's happening is many people, particularly older families who tried Airbnb for the first time, are realizing they never want to stay in a hotel again. 

@Carlos ScarperoI am not sure that I am completely clear on your question as you phrased it but I will answer it this way:Two big advantages of getting a loan through a private money lender are:  (1) Speed (2) Flexibility.JJ

From Panama Papers to a dwingling economy worldwide it became evident prices where for the most part at their peak.