If you plan to live in this property for as long as you own it, then it might not be a bad deal because it will allow you to live in a good area and a desireable school district and you'll be able to offset the expensive mortgage cost with rent that you get from your tenant.  

This is the best product for investors that allows for the easiest preapproval and underwriting process.

I have done 2 successful flips and also have one 1 buy and hold.Now that I have a little skin in the game I’d like to ask my dad who is 62, with a 6 figure 401k to allow me to use $50,000 to invest in more real estate.

Renovations for accessibility could be an additional cost.Sell the Property: Selling could free up a significant amount of cash, allowing you to pay off the HELOC and potentially purchase a condo that meets your family's accessibility needs.

This allows you to not put all your eggs in one basket and pivot based on the market.

Keep in mind that Airbnb's are not allowed in certain places - for example a lot of condo HOAs don't allow STR.Make sure to read the city regulations well and note that it may change drastically in a short period of time!

With our 4 bedroom home we allow 10 or 12....forgot now.

Hi Rod, House hacking is an excellent strategy, and just got a lot easier as conventional loans now allow 2-4 units with only a 5% down payment.

When there are property damage issues, California landlord tenant laws allow the tenant to recover attorney's fees in addition to other damages. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.