The biggest issues I’ve heard are finding good contractors to help with renovations, & deciding if it’s feasible to run a STR from San Diego.

I would also look into down payment resources. it is feasible that it your situation if you were willing to move into the MF property for the first few years you could get tens of thousands of dollars in down payment assistance to make the deal work.

On top of that locals can afford to pay more than you as they can feasibly fix the properties quicker & cheaper than you can.Investing out of state shouldn't be looked at as a way to quick your day job or generate capital quickly.

Second, I know there isn't a floor plan, but how feasible is it to add a bathroom to that window door room by the living room?

Short of rebuilding the unit, it is not feasible to remove all these Heath items.  

. : Calculate the cost/deal for every possible lead gen method that is feasible to youStep 2. : Evaluate the effort, and time it takes for each of these models to bear fruitStep 3. : Evaluate how much money you are missing for your highest probability lead gen model and FIND THAT MONEYStep 4. : Take actionThis is a system that removes "luck" from the equation.You are winging it and you are NO different from all the thousands of people that are currently struggling.I started REI less than 4 years ago and we are making serious money/month now.

You would really need to evaluate the its economic feasibility but 20,000 acres flooded sounds like a nightmare and a project that will break the bank.The cost of the dirt and gravel alone to elevate that land plus environmental issues or sinkholes may also hold up completion.

Despite initial assumptions about my ability to secure a loan, I've pursued avenues and discovered that a Debt Service Coverage Ratio (DSCR) loan is a feasible option for me.I am earnestly looking for a chance to showcase my dedication and competence in this field.

However, if your goal is to generate quick capital for other investments, flipping could be more appropriate.Diversification: If feasible, you might also consider diversifying your investment strategies - some properties could be for flipping, while others could be held for longer-term gains.All the best,KC 

A great deal is a great deal, regardless of where the market is (assuming it's financially feasible for you of course).