Alternatively, you can own the rental directly, take the income directly and simplify your life, taxes and everything.

The only thing is if the MFR is purchased with this, but not for the business then you may not be able to consider it in this loan so you may still need an alternate option there.

What alternatives have you explored, and how did they impact your investment outcomes?

I could go this route, but since this is California, I'm wondering if it's better to get more personalized help closer to home.I'm also happy to consider non-Bay Area alternatives (with meetings done over Zoom) if anyone has a lawyer they particularly like.Thank you for any advice and recommendations!

Alternatively, convert your first home into a short-term rental for higher cash flow if regulations allow.

Understanding local tourism patterns can help you adjust rental prices.STR Regulations: Many cities are tightening regulations on short-term rentals, which could push more property owners to offer mid-term leases as an alternative, increasing competition in this space.9.

Alternatively, you can consider investing your cash in passive investment opportunities with recurring cash flow.Should You Sell Your Investment Property?

Cue the dramatic music and a small single woman racing through the night with her dogs and cats, in pouring rain and unbelievable wind.

Any thoughts on other alternatives or experience doing short term rentals even with HOA  restrictions? 

To start, I’d like to ask you a question: What is more important, purchasing real estate where you can obtain 100% return of your capital through the BRRRR investment method but otherwise break even or even worse lose money or alternatively  leave some of your capital in the deal but earn a profit when the property is sold?