@Allen Li easiest way to sleep at night is to assume full valuation at the purchase price.

In the absence of actual knowledge of abandonment, it shall be presumed that the tenant has abandoned the dwelling unit if he or she is absent from the premises for a period of time equal to one-half the time for periodic rental payments.

Even though not ideal, it is best to offer his half back in exchange for him signing the lease cancellation.

@Douglas Spence I’m currently half way through that book and that’s a great point.

I am just not sure if it's worth investing in such an expensive state, whereas I see other states it's half the price of the down payment I need to make for a home in CA haha.

We see a lot of clients do a successful house-hack in Colorado Springs where they rent the lower half as an Airbnb.

I currently own 1 multi-unit rental property and some K1 syndicated investments, all of which are owned in my personal name.I just purchased my rental property with funds from my personal checking account, and I have paid for about half of the rehab with funds from my personal checking account. 

Purchase price: $390,000 Cash invested: $95,000 Using the house hack strategy and renting out the other half of the duplex.

On the inside I completely gutted the bathrooms, turning a half bath into a master retreat.

I added value by a complete exterior renovation, cosmetic upgrades, bringing the basement up to safety levels as well as turning a half bath into a full.