I am currently going through a similar situation and wondering what to do.

I currently reside in Venice, CA, and work in the San Fernando Valley. 

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

Not a solution, but going forward...Have all adult tenant prospects fill out applications which require their social security number, driver's license number, their birth date, their current address and their prior address.

@Joshua JonesThat low amount gonna be challenging- my recommendation is to focus your time on doing what needs to be done to save $10k of money so you can start buying with your own funds

All my houses currently have good tenants that pay on time.

I currently live in my house in SW Washington that I purchased with a USDA loan in 2013.

Is it possible with the current prices? 

I was looking to move in to the unit that the month-to-month currently occupies.

I am in a really good spot right now, but would love to know how others have found properties for low enough prices.