After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.

It's about alternatives and minimal monetary investment required to make things work.

After analyzing GIS data, I discovered that my neighbor’s house, garage, and shop are built with minimal permissible setbacks (50 feet to an inch) from the boundary line.

What we do require is a signed pet agreement that has minimal rules(pick up the crap, flea & tick prevention, etc) and we require that they send a copy of current vaccination records and a picture of the dog(s). 

Based on rental income would be great since I'm self employed so minimal documentation is best for me. 

After we move in 4-5 years, I would rent out both units.Pros:Potential for long-term appreciation in San Diego.Cons:The property will not cash flow enough to cover the mortgage while we are living there.After we move, it would provide very low returns and minimal cash flow.Would require a significant portion of my liquidity, making it harder to invest elsewhere and grow my rental portfolio.2.

I have minimized that risk by being very strict in my underwriting. 

You are minimizing your input to maximize your output (output being an appreciating asset, paying down principal, tax benefits.2.

Working with a title company and consulting a real estate attorney can help minimize exposure.

With minimal improvements, we successfully sold the home the same day for $45,000, demonstrating our ability to capitalize on fast transactions and strong market demand.