Long-term tenants provide consistent income and fewer turnovers.3.Long-Term Growth: Germany’s real estate market avoids the volatility seen in other countries.

The value of the info he provided cannot be understated.Residential RE is more challenging then a few years ago, but there are a lot of ways to make money in RE.  

However, we have a higher end market so it always struck me as strange that we'd only provide such a small amount since it doesn't cost that much more to provide more.

Are you just using a number like AirDNA provides or have you dug in and found comps? 

You do not need to provide tax returns, W2s, paystubs, etc.

Baselane, on the other hand, provides everything you need at a reasonable cost and is tailored for smaller landlords like us.

I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services. 

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

Diversification Beyond the Stock Market: Real estate provides tangible, real-world value that helps hedge against market volatility—a crucial feature when building a resilient retirement portfolio.

I would start with them.I am not based in LA, so I don't know your exact laws, but I think I can still provide some initial direction for you to find answers, and maybe offer an idea to research.