They’re such great tenants, they made us happy, and I wanted to keep them happy, so rent just stayed the same.

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.

I would say 225k around average to stay out of high risk zones.

If I am all in on the property for 360k (purchase and some finishing construction as well as carry costs) and the home is valued at 450k or more (based on what im told by agents as well as my own analysis while staying conservative), that is 20%+ equity I believe, unless I am missing something.

A lot of family businesses cannot stay in business upon parent death due to no longer getting the prop 13 property tax discount.  

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

Condo a bit different - 7% note, but we furnished it for a MTR, and tenant is excellent and deciding to stay longer.

I would stay out of really rough areas in expensive cities because those are risky and can be management headaches.

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

That's $15k you have to pay even if nobody stays at your place.