The impact of not having F/f financing is large (>10%) if the appraiser recognizes this potential issue.  

In December 2024, 67.9% of homes sold below the asking price, indicating potential opportunities for buyers to negotiate.

I wholeheartedly believe in the end you will come out ahead, but you must be prepared to weather potential storms with the strain of limited to no cash flow, which can be challenging. 

It's interesting because of the low start up capital and potential for higher returns.

You think Bay Area property value still has a large upside growth potential?

It sounds like you’re in a great position to succeed, given your extensive renovation expertise.As a fellow real estate investor, I completely understand how challenging it can be to choose the right design elements, especially when you want to make a space appealing to potential buyers.

It's important to stay informed about developments in the areas you're considering, as well as any potential changes in regulations or economic conditions.

Although I saved 20-30k by doing everything myself and learned a ton in the process, doing that sucked up all my time and potentially stopped me from buying multiple multis last year.

It sounds like you're dealing with a potentially suspicious situation. 

If something does happen you can at least show AirBNB that you stated that there may be issues and the guests were made aware of a potential problem.