Just tell them what you're comparing them to..This is assuming the data you presented above is the only data to be considered..Hope this helps a bit!

With the very limited information you provided and the way you presented it, you made it sounds like you were just jumping in and buying land without actually doing any feasibility studies. 

Again, there is no law preventing the Landlord from inspecting the property.It's almost guaranteed that these units have deferred maintenance, rents below market, and tenants that were never screened and are problematic.

@Michael CabañaCapital gains tax does not normally reach 40%Federal capital gains tax rates range are either 0%, 15% or 20%There is potentially another 3.8% NIIT for those who are high income earnersCalifornia's tax rates range from 0% to 13.3%The options normally to avoid/defer taxes are 121 exclusion, 1031 exchange or QOFBest of luck

If the market is softer than that, then you're back to "finding sweet spots...." and "wondering how to keep your present tenants".... which one is it?

I began this endeavor as a long-term rental landlord and maintained that position until 2016 when I diversified and went all-in on AirBnB; an endeavor that increased my gross monthly income by 75% year-over-year from 2016 through the present.

They had a lot of deferred maintenance with 4 units sitting vacant.

End Goal - This is usually something like $10,000/Mo. income, in present value dollars.Time Frame - The shorter your time frame, the more initial capital and credit you will need.LocationLocation is the most important decision you will make, not the property.

Great advice, we’re kinda conservative too and I don’t want to be under funded when a good opportunity presents itself.

My present tenant gave me notification she is moving out on November 27th even though her lease expires on December 31, 2021.