The company stated, "The closings were brought about by the rising cost of doing business in California."

True, you eliminate residential tenants, BUT it is a real business with employees, taxes, etc etc etc.

Hi I have my own business and getting my first Airbnb in CA.

It is in a good area next to businesses and breweries/shopping centers/etc in a busy town.

The greatest secret to business is learning how to be an exceptional Operator.

Your income definitely shows you could do a new build, but if you are a first-time builder, finding land, construction costs, and managing a new build will be way out of your zone of genius, especially if you both work busy jobs.To get value add, you can look for a multi that has really good space/bones, but needs upgrading so you can live in a really nice place and create a second nice space for rent/family.

Quote from @Patrizia Sanino: Quote from @Jonathan Greene: Wholesaling, done correctly, is a full-time business.

Happy almost Summer BP Community,I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold investments in small multifamily properties (2-4 units).

As everyone else said, get out of the business if you can't close yourself when you can't find a buyer on any deal.

That allows you to submit claims that happened before the business shut down but were not reported to you until after.