Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).  

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Additionally, my husband lived there for six years, and the city feels like a second home to me.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.

With the economy of scale in multifamily, each additional unit nets you a little more than the last, as a rule of thumb.

In addition, these markets are seeing both home values and rents appreciate.Cash flow from a property will depend on your down payment.

This is not as passive as other investing but it will help launch your portfolio so that you can continue to invest without needing to work additional jobs.

The unobstructed water views for both front STR units can be challenging to determine additional value compared to other 3-unit properties without views.