-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But, if they have given up on the home, is another story.I plan to stop by the house again soon and leave a note and try to find contact info to talk with them to get their story.From what I have gathered, the original owner passed away and one of their children obtained the estate of the home a while ago but, may be living in Orange County.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

The markets open up if you are not planning on doing the management yourself.There are many markets that are growing in population and jobs throughout the country if you are willing to look at OOS investing. 

Good luck with your real estate plan! 

I have drafted plans for covered patios and decks in Coronado, City and County of SD.

If you plan to hold longer than 5 years, I'd reccomend you wait it out.

im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"

Would love to connect and hear about how your house hack is going and what your next plan of action is.

Selling now could simplify estate planning and lock in gains, especially with capital gains taxes in mind.