I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

The law here says eviction is a public interest issue (of course it is!!!) 

Purchase price: $110,000 Cash invested: $2,000,000 399 Helmericks Ave includes 3 warehouse/shops totaling 60,000 sq.ft. and office space totaling 7,000 sq.ft.

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

I think I will need a car and an office space in the first few months itself.

If it's in a shared space like a basement that's one thing but if it's in an occupied unit, that is something that may not be allowed in your jurisdiction.

When you think about it, only the flipper will know the expenses (not generally public record) so analysts or data aggregators can only go off publically available data.

I'm also considering a separate living room space or maybe some kind of artist studio. 

MTR attracts a lot of traveling medical professionals and WFH individuals who need a quiet space during the day, which may not be compatible with families living in the attached LTR.

It took patience, being willing to rehab a house, and airbnb but we have our our own space and are doing great with only 2 bedrooms to rent out too.