For doing an STR well the larger properties are best and it needs to stand out amongst competition to perform well. 

You need larger down payment: 15 to 25 percent down, depending on your profile and property type.

I wouldnt develop anything but sitting on it could be worth waiting to one day add new units/condos or a larger multifamily partnering with a developer. - half of parcel can also be sold off as only one half has the SFH and ADU on itOwner is quite firm on the price.

I thought it best to build these relationships early with smaller deals and scale up rather than come out of nowhere with a larger request later (after using solely personal capital on dealflow).  

The only time I suggest other software, like AppFolio or Yardi, is if you’re managing larger, more sophisticated commercial multifamily deals.

I should clarify a couple of things - the city is abandoning their current drain line as its undersized and installing larger pipe next to it so can't be a trenchless pipe but would have been nice. 

Larger properties spread your risk.Be Ready for Some Sweat Equity: Many first-time house hackers underestimate this part, but putting in a little elbow grease can drastically improve your returns.

I suspect someone like this would also have a dog and/or cat. 

These are the pros and cons of these markets as I see it: Riverside: Larger units with more bedrooms; I can afford better neighborhood with less crime (50 percentile); properties are less old but ugly. 

I'm wondering if I could use a family member with a high net worth on my larger multifamily deals.