Hey Lauren, I read you wanted to retire in NC - great choice as I believe it will also fit nicely with your plan of owing turnkey SF rental property.

If managing it yourself feels unsustainable in the long run, hiring a good property manager could give you more peace of mind.Since a 1031 exchange or like-kind replacement doesn’t seem to be a good fit for your current situation, you could consider a HELOC if you need to tap into the equity for other investments without selling the property, although rates are high so this would eat up your cash flow.

I have a long rennovation project I bought in the summer that I am currently working on and am looking to get a few turnkeys on top of that.

For example, I often recommend working with vendors who specialize in rental property maintenance or have experience with rental landscaping to keep your property looking great without overspending.Start Small and SmartFocus on buying a property that fits your budget and investing goals.

On top of that, if people have to start paying for child care while they go back to the office, even if they have two incomes, it's like losing an income.I think the cuts have to be made, but I think it will also add inventory to the housing market as people decide they just can't afford D.C. or it's suburbs anymore.  

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

You will be required to get a foundation inspection report on top of an appraisal and you are required to pay for both.That is why I said make sure you do your research because if you pay for an appraisal or foundation inspection report and its not within guide lines you will have just wasted anywhere from $650 to $1000.00 non refundable.  

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

It is a 6 bedroom property that sleeps 28 people.our last purchase is in La Fortuna and it is an awesome property that is in the process of being remodeled with another story on top. 

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.