Quote from @Daniel Green: Hey everyone,  I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.

And, at that time and place, it would arguably be silly NOT to do so. 100%.This post was biased towards San Francisco, and California more general to include Los Angeles and San Diego, today in 2024.

Charge the tenants a higher rent rate and include utilities with their rent.

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

when you purchase a property, there are closing costs on top of the purchase price, and closing costs can be substantial - especially if there are points on the loan. 

I am using the BRRRR Calculator and was wondering if Homeowners Insurance estimate was included somewhere or if I had to manually enter it somewhere? 

Can’t be purchased for your primary home.

Not sure if it was mentioned here already, but another creative alternative is to purchase a SFH that has a casita. 

What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party. 

Send it to every address they give you including the current rental assuming it will be forwarded to the address they gave the post office.