I personally came to the site with a background in rural land investment, but have learned a lot about other areas of real estate as well.

The rents are decent but you’ll have to watch your debt closely to make sure it cash flows well.

This is basically how bored tax geeks entertain themselves, nothing mean or personal.This picture illustrates our mini-debate regarding IRS publications quite well.

I am local to Ventura County, CA as well… let’s connect sometime soon!

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

Quote from @Brenden Evans: A large percentage of investors (maybe the majority) never really learn to manage their properties well.

Hope life and business is going well for you.  

Hope things continue to develop well and best of luck. 

There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market. 

This way there is an incentive for the contractor to work well but quickly.