Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

That is pretty significant particulary in an environment where interest rates are dropping.

If you buy in the proper STR areas there is practically zero regulation risk. 

Legal ConsiderationsZoning & Regulations: Make sure the property is zoned for a duplex and complies with local regulations.

@Lena CastellanoTo prepare for your first real estate purchase next year, explore house hacking options, research rental regulations, network with contractors and investors, practice deal analysis, join local REI groups, and connect with agents.

That supply bump has leveled out since 2023 and in 2024 we are starting to see metrics creep back up, albeit slowly.On the regulation front, the City of Columbia passed and reasonable regulation for STRs in city limits as of 10/1/2023. 

And do not go into over-saturated, over-regulated areas....do your homework big time...

This lets you bypass the traditional bank financing with many rules and regulations.

The IRS and underlying regulations require that you actually perform services to count toward these hours.Have a great Sunday! 

There are pros and cons to long term and short term from a rental management side, and purchase/acquisition.Long term = lower vacancy, lower expenses, potentially lower revenueShort Term = higher vacancy, higher expenses, potential for higher revenue, financing is more expensive than long term rentalsWatch out for local STR regulations, they vary from city to city.