If the rental license has been active within 3 years, you will be able to apply for a new rental license even if the base zoning is not compatible with a 2 family use.

@Sam Parr the major impact that we were seeing was a huge drop in new listings, and many properties were being withdrawn from the MLS because sellers didn't want to seem desperate to sell in a time like that.However, this is rapidly changing and we're already seeing a strong return to the previous market as everybody who was waiting to sell or buy is flooding back into the market.

Having a knowledgeable agent help you analyze the deal is a critical step.Step 3: Have the agent write the offer for you based on the analysis that you have done together.

A bit about us: Good Life Property Management is based in sunny San Diego, California, and we've recently expanded our services to Orange County.

I wrote out the estimates/invoices based off of work that I had done with PM's contractors. 

If it is that important to you to get into this house now offer them an above average rate with a strong down payment with a SHORT TERM.  18-24 months maybe?  

I also believe it is super important to see the complete picture instead of basing a decision on one factor.

You charge the tenant a depreciated value based on the remaining life span of the carpet you are replacing.

That is a very saturated market for STR so I do think it makes sense that 1/3 is underperforming, but based on taking a loss now, I would probably stay tight and keep going because you have the set up in the area.

I have continually preached (since 2018) that cap rate compression (and interest rates) is what landed the historic 20+IRR returns, not operations, which is why so many people have been, and are still, in hot water right now with being forced to perform via strong operations.Today, we find ourselves in a much different situation.