I also ramp up debt service as I go, not all at once.

The current rents bring in $33k a month.

Currently, the data suggests that the next few months, with winter approaching, could indeed be challenging due to the high inventory levels.

I'm also contemplating offering a 20-month lease, though I worry it might seem daunting to the tenant.

In this area, people usually rent for 1-12 months, and the rent is 30-50% higher than unfurnished LTR.

We currently own two rental properties (details below) and are ourselves renting a place to live in ($2350/month).

And how much more do you make each month?  

I'm considering two investment options and am torn between them:Building an ADU in Berkeley: I have the opportunity to build a 316 sqft ADU in Berkeley, CA, which I could rent out for around $2,000 a month.

When building a team, I would always start with a great agent first so they can connect you with other top performing service providers. 

It seems like selling and renting is the biggest wealth builder in the end Rent in a lower cost area with a lower monthly payment and use the difference gained  to invest in the stock market ( which would yield around 8 percent) Keep the primary and hold it long term ( average appreciation in california from what I could see is about 5 to 6 percent if you look back in time Keep it as long term rental ,it would rent for $3800 current mortgage is 6150 $ - doesnt seem smart to me Let me know if you need any more details in order for you to give me a better answer or insights