Note that once you "stabilize" a property... replace the older stuff in the first couple of years... then your average operating costs are going to go down significantly.

I also just came across another 4plex in the same area that is cashflowing just over $1000 after all operating costs.

There are several ways to achieve this though, and you can check out this article to learn more.The fourth pillar is somewhat similar - you want to separate your operations from your assets.

You should use either check out this article to learn more.The fourth pillar is somewhat similar - you want to separate your operations from your assets.

@Ryan Marrero I have thought about doing Airbnb for one of my properties in Northern NJ, but I realized when I received my first customer request to stay in my property for three nights, that hadn’t set up the logistics and business model to make it run on auto pilot.

Run a virtual business where you operate primarily over the phone/online.

I feel wine country real estate operates just a little different than the rest of the Bay Area.

If you are attempting to simply work the renovations in over time, you run the risk of the rehab budget conflicting with your operating budget.

In other words, it was legal at one time the zoning changed and it can continue to operate until the non-conformity is lost.  

Following up on Michael's comment, your lease should state that tenants are not allowed to operate any business on the property.