As another local LA licensed general contractor and RE developer, I agree with this assessment and would only add that the range will vary depending on size of build out as well.

I'm located in southern California in the Corona area and I'm noticing that there are a few homes in the running springs and arrowbear under 1k sqft in my price range, so I'm wondering if anyone here has had any success with small short term rentals?

The ARV on this property would be in the range of $300K- based on comps (what a steal!)

I would look first at what market segment you want before looking at type of housing...lower, mid range, upper end?

@Jonny McknightWhy do you think the agent listed it at $2M if the comps are in the $3.8 to $4M range?

There are 4 facility’s within 3 mile range and they are all much bigger 50,000 sqft+.

Our lender told us that we have to have a tenant's first-month rent and security deposit before getting approved for another loan in the price range we want.

Right now trying to fill two positions, one is hourly at $80/hour and the other is a salary position which including expected bonus will approach the quarter million dollar range in 2022.

@Robert Kornmeyer depends on your financial situation but definitely a multifamily is the way to goThey range from 600k-the moon Best value add areas are JP/Dorchester on the path of gentrification Great section 8 market as well and get high quality tenants Allston/Brighton/Brookline is more upscale and Multis start @1m but definitely a market not going anywhere anytime soonSouthie and east boston are great but youre late to the party on those

Looking in the the $250-300k range.