Hi, just curious why you’re interested in SF multi family given: you’re based in LA, rent control is practically a blood sport in SF, and direct local experience is crucial in navigating the myriad nuances.

But as my other business grows, there may come a time where it makes sense to diversify income streams.

That's my interest, and will include some additional revenue streams, including STRs, to help whittle away at the mortgage. 

Money and blood don't mix, they are like oil and water only far more caustic.

What we thought were previously rust stains were actually most likely blood stains.

Purchase price: $311,000 Cash invested: $62,000 Covid made me realize that you cannot just rely on a single stream of income.

Easy to use and you can stream pretty much anything. 

I would look at rent price increase and additional income streams from the property (like laundry, parking, more) to improve cash flow rather than a future mortgage paydown/refinance.Just one opinion here...

This has allowed me to build not just my real estate business but also a home services business which has really taken off and provides additional income streams for me between my flip/develoment  paydays.

On the other hand, this might be a great opportunity to have a steady stream of rental income above market value (I could start with a short term lease and see how it goes) and it could provide me the opportunity to work with this guy on other properties as well, resulting in more rental income.