Is it fair that is lot value is worth 33 - 46% more than he paid in 2014. =$58k - 6$4KA similar lot in a developed neighborhood is pending for $122k, but homes in that neighborhood are worth $550k, while this neighborhood is max $350k.

I imagine the financing you have on the property is very good, and it might be nice to use the home equity line of credit instead since you could then take advantage of having equity while still maintaining the better interest rate from 2015. 

Our STR we use a PM and it is work (we tried doing it ourselves many years ago and we are fairly experienced PMs but this was too much work for our lives - we self manage around 20 LTR units if we thought it was not easy imagine less experienced PM).As @Aaron Friberg indicated before considering STR on Condo make sure that it is allowed in the complex.In summary, the rents are good but STRs in San Diego could have legislation curtailing them and STRs at the beach are not passive.Good luck

Friend, you have just embarked on the whimsical adventure of missing the point.While milenials and their ideas have an important place in society, what I took away from Steve's comments to you was that the way in which you conveyed your thoughts seemed superior and egotistical....which doesn't fair well within this BP community, which is comprised of intelligent, creative, resourced, and experienced investors sharing ideas. 

It is a newer build and has been well maintained.

Get some  results but the result are fairly old, so I choose "Latest" from the sort by menu. 

;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R

I like the idea of helping out a community that I have lived in for 20 years and as you can imagine, "fair market rent" in this city is a very hot topic with many tenants that have a retaliatory attitude towards landlords.

I do this to avoid any kind of fair housing violation claims.

Sounds fair.