First, is it a very significant part of your retirement savings?

Ideally a duplex or single family ADU so I can start cutting my costs to save money faster for the second house.I'd love to hear from experienced investors looking back on their first property.

My stay at the current place is nearing its end and I'm unsure if it's smarter to buy another primary residence and house hack or just buy another rental with the cash I have saved up and find something else to rent. 

Hi everybody.Maybe I'm a dummy but could you explain the Financing thing to me.Let's say I save $10k.

The owner is all set with re-zoning, but the parking lot was a pain to re-design to maximize the units we can add in.  

I would keep the property and keep my prop 13 protected property tax saving and leverage its equity for the necessary improvements as a minimum. 

You'd be saving the $1300 a month in CC debt, and think about the higher interest rate you'd be paying on the a new mortgage because of your lower credit score. 

But for those who decide to keep the property, they often go in search of a good property manager to implement their grand plan of maximizing rent in search of the coveted passive income.

Also in terms of insurance claims do people have to wait for the claim(s) to be paid o before you purchase/acquire the property (land/lot)I am talking about a strategy I want to use in CA and I want to save money and have a lot of time I can exchange to get/acquire land potentially 

THe whole point is not to have to live in it for 2 years to save on the taxes.