As a fellow San Diegan i can say without a doubt that San Diego is a terrible market if your goal is cashflow and time horizon isn't 30 years plus.

Review the seller’s maintenance records to identify any existing issues or potential problems.Do your financial analysis to factor in the current rent, estimated vacancy rate, maintenance costs, property taxes, and insurance to determine the property's projected cash flow.

This will be a slow burn project.

We are estimating we could build at least six houses for a total project value of $6.6 million.

Early failure is when hings don't go as planned at the start of something new, like a project or a job.

If it's a newer company,  and projected to grow, you might consider their projected discounted cash flows to evaluate the company.

@Steven Seiberlich , I hope you can find an investing strategy that aligns with your goals, and would encourage you to decide whether you want to learn by trial and error (and hopefully eventually success), or leverage a program (with coaching, mentorship, on the ground resources, and analysis tools) to help you reach those goals.

Your goal is par pricing, which is as close to not having a cost or credit for a specific rate as you can get.

DM me and maybe I can help you reach your REI goals.

This is where your goals needs to be crystal clear.