Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

Love the idea of rolling them together into a larger property and have a company then manage.

Quote from @Julian De la Guardia: Look, I get it.. you’re standing at this starting line, itching to get your first.... or next.... investment rolling, but all the advice floating around feels like someone’s reading off a stale script.

I too live in Marin, and feel it is a solid long term market for apprecaition, and utilizing the power of principle reduction.When it comes to refinancing, figure out what the loan costs will be, then divide that buy the monthly savings with the new loan in order to determine how long you have to maintain that loan to break even. 

Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

Upon logging into my Stessa account, I discovered that all my property rent rolls, and transaction history from the past two years had disappeared.

Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win. 

No one should feel morally superior because they do so.

@MIchael McCUe   I get it, it feels like an incredible weight that you could easily lift with bankruptcy.

Now is my time to get rolling.