We are now building our portfolio through flipping, BRRRR's, and additional STR's until we reach our end goal of unique stays in the form of luxury treehouse STR's on secluded riverside locales. 

Arrived distributes the rental income quarterly.

Additionally, what if I sell the extra lot to an owner occupant and rent out my units.  

The problem is that the tenants came with the investment property and while I have a lease with their names signed, I do have any additional info like their SS# or Driver's licence#.  

@Yu Xiao, using that property as a short term rental during the time you own it will open up some additional tax saving potential as will doing a cost segregation study to take advantage of some accelerated depreciation.  

Becoming a Key Principal (KP) in other people’s commercial real estate deals is a great way to shelter your income, participate in several deal at the same time, minimize / spread out risk, capture equity w/ a preferred double-digit return at a discount cash-out-of-pocket investment. 

There are different types of investment properties, such as multi-family properties, single-family homes, and beach houses/student housing near universities, which offer income diversification, house hacking potential, and scalability.

California tax burden - Due to the clawback provision, you don't get a full break from the higher income taxes in California if you sell in another state later after a 1031 exchange.  

@Aaron Mazzrillo, Hotel income, as you may imagine, is highly cyclical.

Or maybe it could be a secondary unit in addition to the primary washer/dryer for larger homes that could use a third solution as a backup on a second or third floor.