It's a great location for tourists and on the parade route.Purchase price: $730kAppraised value: $770kRenovation costs: $350kEst. post-renovation value: $1.4mAnnual STR AirDNA estimate: $106k/yearI'm currently exploring options for help financing some of the renovations.

Article lInk below:https://www.bizjournals.com/au...

@Tim Herman - thanks, will explore these options. 

Hi there, I'm a newbie exploring residential assisted living in CA as a real-estate investment.

There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/

I think if you explore those questions someone more experienced then myself might be able to help you with your thought process. 

In the City the tenants will have a right of first refusal (subject to several major exceptions, which you might explore if the statute does apply).

I've read several articles and have watched several videos about house hacking, and they all talk about using an FHA 3.5% down payment or a conventional loan 5% down payment when possible.

I'd like to explore pros and cons.

There are tons of great threads and articles on here on how to look for and screen Property Managers, I'll let you dig through those and not re-create the wheel.