Now that my son is in college and the money for that has been set aside, I am finally able to put my money into real estate. :) 

My son was my partner  and he did all of the plumbing  which was extensive.

Also, in theory, one can have 100K/yr passive income but a networth (assets-liabilities) of only 100K (with a bunch of debt), and is likely to go broke and lose all networth if passive income dries up due to situations like Covid-19, Covid-20 and s on....

Ergo no upward pressure on values.As Anish note's there is no land to speak of to build on in the Bay Area.. 95% of the land that can developed has been developed so what you have now is a huge tear down and rebuild industry.. heck we were doing this in Palo Alto when I lived there in the mid to late 80s.I am currently in Singapore and if you think prices are high in CA... here a 900 to 1200 sq ft apartment in a condo tower will run you 1 to 2 million... and in the nicer buildings 2 to 4 million.. 

My son and granddaughter are still there. 

I also never ask about pets I have them list animals s,on the application including type, and breed.   

Someone you trust who is ambitious, can work part time and isn't too "pricey".Perhaps a friend's son or daughter in their senior year of high school (for example).

First I'd pay cash for the condo I'm currently working to buy for my son in Jackson, MS instead of getting a mortgage.

I was going to name my youngest son "Axel" but I didn't win that discussion.second: these properties are the traditional turnkey1)fully renovated - by the turnkey provider2)professional property management3)tenant placement4)cashflow from day onethird - I would like to know who your turnkey provider is? 

Also, my oldest son recently graduated from Ohio State and lives/works in Columbus.