I conservatively estimate illegal immigrants are occupying at least 3% of rentals in our country, twice as much as vacation rentals.Supply is low, which increases demand.

But the city has increased their effort to shut down unpermitted STRs by a lot.

With the increase in home prices in Phoenix over the past couple years it is harder to cash flow in any segment.

Real estate price increases in one year ranged from 20 to 40% across the US.

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

There may already be, or there may be tomorrow a rent cap of 5% increases.

- To refinance it needs to increase in value by 18% which means four years.

In Venice, my old rental just came on the market..It was previously $4500/month and asking $6500. lol Coastal California in particular (or anywhere on the Pacific Ocean - including Mexico) has become increasingly unattainable for most investors or retirees.

I have a standard message from Vrbo and Airbnb that says your reservation will be confirmed once they have sent me a copy of their DL.

If you want to pay off debt faster and increase cash flow, consistent monthly payments might be best.