Additionally, my husband lived there for six years, and the city feels like a second home to me.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets. TIA

Garage parking, full privacy fence, and second living area or bonus room would all be needed to get on the higher end of that range.

Window AC units can indeed be treated as tangible personal property with a 5-yr life and be bonus-depreciated or deducted under Section 179. 

Ya have to learn to mitigate multiple hurdles, in addition to making intelligent and educated moves. 

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Additionally, FEMA updated the local flood maps here in July 2024 and much of the area now requires flood insurance. 

Additionally, the STR market is quite oversaturated right now as well