North Park, South Park, and the other areas surrounding Balboa have properties that will do well for you as a STR, but are much more reasonably sustained if you were forced to transition to longer-term tenants.Let’s get together while you’re in town to further discuss the current market dynamics and take a look at a few properties that will work with your goals/level of risk aversion. 

Once you have decided on the type of investing  you want to specialize in I would suggest you research it so you have a high level knowledge of the moving parts of the investment class and know how to evaluate it.

It is all one level (no stairs), does not have a pool, and no other possible hazardous fixtures to speak of.  

You never know what you’re going to find when you open a wall - and prices at that level, I’m sure nothing has really been upgraded yet.

As you are a licensed agent I'm truly shocked at your level of confusion on how this industry works.

Account Closed $300/sq ft is pretty typical in the Bay Area but a lot depends on the level of finish.

I think you're right because I've heard that elsewhere, but on an intuitive level I just find it hard to comprehend. 

OP @Trae Turner do you have your funding in place ready to buy sf fixer upper? 

My wife and I are on the hunt for a realtor that is on the same level as us.

There are a number of factors you can use to justify a mid-level or higher fee, such as whether there are shared hallways that will require upkeep and cleaning, is there any outdoor space, landscaping, snow and ice removal, if there is a parking lot to maintain, how many tenants (this is obviously the biggest one), and whether you will be charges gross rent or collecting and reconciling CAM each year.