The previous owners had a gas station and convenience store when we bought and we passed on that.

@Caleb Heimsoth I’m leaning towards agreeing with you.

For strategy I'm leaning towards multi-family 4-plex units because I like the idea of consistent cash flow, and vacation rentals kind of turn me off because it's so seasonal and under attack from counties who have a housing affordability crisis (re:everywhere).

That’s the direction I was initially leaning was work on renovating a few properties and building a portfolio that way.

I have a couple connections in San Diego, however, I'd prefer to invest outside of California in a city that has shown an increase in population growth over the past couple years and also leans on the landlord friendly side.I understand how difficult the process will be when investing from afar, however, I recognize that there are fewer differences between investing in say, Arkansas, from California, than investing in the same home from China.

Then, lastly, I'd address any convenience / personal preference items.Items #2 and #3 might flip-flop depending on the severity of the "small" issue ... if I was confident I could complete the value add item and still address the "small" issue before it turned big, I'd consider it.Good luck with everything!

I came across a property on the MLS and went to see it the other day.It is a mixed-use property with one (1) 3-bedroom apartment upstairs and two (2) storefronts downstairs. A woman and her two children live upstairs ...

You felt as though you were leaning to the left.I have to say..

We created leverage by leaning on prior relationship with the seller (I had purchased a deal previously), appraisal and tax records attesting to value, and I shared with my broker that I was also negotiating a deal for a 25 unit apartment complex with the same seller (potential to gain future business or lose it based on this experience).

That’s kinda what I’m leaning toward.