Quote from @John Underwood: Most of us do not live there.Try FB groups, Google or Thumbtac Yes, you're right.

I left my corporate job last year to stay home with my daughter and focus on our real estate business.

With current prices where they are right now in my area I am looking at potentially making my first purchase out of state. 

The zoning is RS3, so we'd have to wait til ADUs are allowed city-wide + dig down to meet the ceiling height requirement if we want to make it a third legal unit which is not something that financially makes sense right now.  

Without new companies moving into the city and creating replacement jobs, the only jobs left will be low-paying service sector jobs.

If more retailers vacate their space than those properties are at risk of losing tremendous value as it will be difficult to re-lease to a tenant that is not impacted by California's high costs to do business. 

Who is giving out killer rates right now on jumbo loans?

Right now we pay our cleaner $300 per turn but charge guests $250.The costs of having a STR about an hour outside of town.

Purchase price: $168,000 Cash invested: $28,000 Sale price: $245,000 Converted primary residence into buy-and hold in 2020 and sold in 2024 when tenant left and partners needed to go their separate ways What made you interested in investing in this type of deal?

I see and read so many success stories and would love to be one of them - just feeling discouraged right now because I still have to work my 9-5 but am trying to put in the time to make something happen.