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!

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.

The single-family home would allow more comfort, while the multi-unit would allow more potential cash flow. 

Allow me to impart these valuable insights to you!

Even if you hold your properties in your personal name rather than an entity, it's a great idea to keep the financials separate for tax filing purposes and for your sanity.Once you've done this, it's way easier to implement a cash flow management system such as Profit First (highly recommend) that allows you to properly budget for reserves, etc.And, of course, it makes it easier to do the same with your personal finances once you no longer have "business" transactions commingled.I'm happy to workshop some of this with you free of charge if you want to go deeper into these topics.I've been through this myself.Just let me know (DM)!

"You're obviously not happy here and the property is not a good fit for your needs; so, we will allow you to get out of your lease with no penalty as long as your provide proper notice..."

@Christopher Mooney- HELOCS are relatively  generic  from one lender to another ...check terms ...margin...indexes ..maximum ltv and cltv  allowed ...interest only payment  terms ...overall terms ....prepayment  options .   

I don't let money site in there.Also, Venmo only allows transfers to your bank of $3,000 at a time, but you can make as many $3,000 transfers as you want in succession.