We made an offer on a fixer in So Cal - OC for a moderate area and semi fixer.

Presumably, the semi lockdown we are in now might last 2 years.

BP has been a great source of education and information for me.Not a glamorous goal, but for a bit of an introvert, I would like to set the goal of participating more on BP.As for a real estate goal, I am planning on a semi-house hack by converting a detached garage into a studio space where I can experiment with STR.

You asked for tips and tricks so here’s one that probably is going to sound completely crazy and very slumlord-like but I’ll post it anyways .when a tenant in these areas move out they usually leave the place a wreck and it needs carpets cleaned ( I use 68 cent a foot brown office carpeting ) and painted ( I use gladden generic semi gloss speedwall 16$ a can) what I do is go ahead show the property to a prospective tenant anyways and when they arrive I have a bottle of windex out a rag a broom and inform them I’m working on it .

Have my home free and clear, have a family lake cabin free and clear, be able to take 2-3 months off every year during the holiday dead season, and eventually generate $40k+ / yr in semi-passive rental property income to supplement the cyclicality of the business!

With that said I don’t think STR is dead and every location will have various factors until things get back to semi-normal.

I'm currently self-managing with some assistance from a family member that is a property manager.Nitty-gritty info:3466sq/ft 4 unit multifamily property. 2 bed 2 bath2 bed 1 bath x21 bed 1 bathA semi-finished basement that requires a full renovation due to being destroyed by a tenant from the last owner.

I had been using a semi custom guy on my flips but decided to switch because the look of the Ikea cabs is more appealing to buyers and renters near me.

They could be RTA, Custom, Ready-to-install, or semi-custom.

Beyond the structure, foundation, and drainage being very questionable to begin with, this is an urban D-class Section-8 pocket neighborhood because down the road there's a well-know church halfway house that also houses child molesters semi-permanently.This was where I learned that the cheapest property usually isn't the best deal for our operation.