Nearby Rural: Limited development might mean slower changes to the landscape but potentially fewer surprises.

Would one have to potentially negotiate a renter out of their lease agreement? 

I am brand new to the real estate investing world and discovered this amazing community when I figured out I was wasting my full potential with my 9-5 w2 and knew I wanted more!

Ours allows this.Hope you understand all the legal and potential liability issues PMC's have to deal with regarding tenant confidential information.

You might want to consider potential issues with the lender if rezoning occurs post-closing.

Consider what questions the potential mentor may ask and how you would answer.

The city is one that’s consistently listed as a top 10 2024 real estate market, the projected cash flow is intriguing ($50,000 - 25% down payment, estimated $7500 annual cash flow), both units are leased until October and December (as a potential new landlord this gives me some security), but I feel hesitant with offering on a century old property.

No I'm saying for the attorney writing the opinion letter there is the same work and potential liability. 

.- Expansion: Using the saved capital to invest in another property can potentially double my investment opportunities, diversifying my portfolio and increasing my chances for additional income and appreciation.Negatives from an investor's perspective:- Cash Flow Concerns: The $500 monthly negative cash flow translates to $6,000 annually, a significant amount that needs to be managed carefully.

For the long hold, San Diego I likely to have the better cash flow potential (assuming you do not consistently extract cash out of the properties).