They are aware that I have a regular job and am just a guy renting a house I own.  

Then continue to use those funds to BRRRROR2. 1031 Exchange the funds and pay market value (which I think is actually overinflated because of the supply shortage) essentially overpaying 50-60K on $700k worth of assets.In my mind, I'm thinking it's better to be cash heavy right now for when defaults come and continue to BRRRR and get the lost taxes back through wholesales/flips bought with the cash rather than overpay and lose the same amount on overinflated prices. 

Would love to hear from people who invest in one of these markets regularly and/or recently about why they would choose that market over the other two I listed.Would also love to connect with any investors who would be willing to share actual numbers from a recent deal.

cost to build went up significantly because of supply chain. so builders need to pass on the price changes or simply not sell you the property.. 

In my case, I just have supplies and tools for repair projects.5.

Supplies (How to you gauge how much you will need to spend a month?

Previous rent comps were closer to $2,500 (supply/demand still askew in our market). 

This is an interesting article discussing the end of the forbearance program. The number of homes coming off the program is 1.5 million, with 1.3 million as inventory nationally now.As they note, many will resume payi...

My 2 cents to the mix would be The ADU is the only way so far [SB 9 and 10 not withstanding] - You should be able to take the SFR and do an attached JADU up to 500 sq ft, then you can [lot size permitting and every city has its own code so do some research] another detached or even attached regular ADU - and as long as you live there as owner occupied you can live in the SFR part, rent out the ADU and JADU- the twist we do is to rent out 30+ days as a furnished rental.

Also to add what was mentioned above, we have found excellent designers that you can hire for an hourly rate, that in a short amount of time can basically design and pick out all of the supplies needed for the job.