That figure is up 5.5 percent from the prior quarter and up 48 percent from the fourth quarter of 2019 – to the highest level in almost 14 years!

Odds are high that you will seek a more reasonable place to live in Colorado, Utah, New Mexico, or Arizona over being a lifetime renter in San Diego, anyway...

The fact that it only rents for 1400 to 1500 is what made the decision so hard, I am aware of the 1 percent rule. 

Thats about 3.6 percent pretax return. 

Just adjust the rent for the smaller area to cover the free utilities like30-40 percent more.Hopefully all four different tenants will get along with this arrangement.I would be renting to tenants that have a very relaxed mindset forthe heat and air will need to be in a very comfortable arrangementbetween each set.Maybe a blue/red personality for the tenant that pays the utilities anda yellow personality that pays the extra and doesn't get to upset whenthe heat or air is to hot or cold!

Single-family home sales increased for the ninth consecutive month, up 1.2 percent year-over-year with 6,049 units sold;The Days on Market (DOM) figure for single-family homes dropped from 68 to 48;Total property sales rose 1.9 percent with 7,464 units sold;Total dollar volume jumped 17.3 percent to $2.4 billion;The single-family average price reached a record high, rising 16.2 percent to $349,963; The single-family median price climbed 12.6 percent to $275,900 – also a record high; Single-family homes months of inventory registered an historic low 1.6-months supply, down from 3.3 months before the pandemic and below the national inventory of 1.9 months;Townhome/condominium sales rose 4.1 percent with the average price up 1.4 percent to $219,326 and the median price up 1.0 percent to $178,700;Single-family home rentals fell 26.1 percent with the average rent up 8.7 percent to $1,924; Townhome/condominium leases dropped 15.7 percent with the average rent up 1.9 percent to $1,637.

Anyways, I put 10 percent down for one I'm a noob to the real estate game and two I wanted my monthly payments to be low as possible.

We just stumbled upon the venue of a lifetime and are in love with it.

Your probably living at home, put 15 percent away and stop buying all those other items.Down payment is key,  also if you could get a loan from your bank, even if it is like $500 and make like 6 payments back it will really up your credit.Could you get another part time job and put all that money in another account?

A good intelligent agent will look at what the "Lifetime Value" of a client is; and act accordingly.