I am currently a Realtor/Investor as well.

What is the current condition and what does that make it worth? 

I currently work with a contracting company I do not have my license yet but will within the next 2 years.

The rent for the new home will be less that what i could rent my current home for.

What steps should I take now considering the current market conditions.. thanks everybody!

@Matthew Paul I just FSBO'ed a house (currently wrapping up escrow)I also got the obligatory calls from agents...you could tell most of them were new/young agents.

Can anyone confirm the current law on this?

As we reflect on the challenges faced during the financial crises of 2007-2012 and draw parallels to the current market conditions of 2024, one concept stands out: the “Missing Middle.”The term “Missing Middle” refers to the scarcity of housing options between single-family homes and large-scale apartment complexes.

I'm just curious how other investors are approaching these types of challenges in the current market and want to get some feedback on what I should be looking for when acquiring new properties.

It's 2 properties, single family homes, in the SF Bay Area.Sharing some details that might help inform the decision, let me know if anything else would be relevant.One property fully paid off, generates between $20-30k in profit after expenses (property taxes, hoa, insurance, etc).The other property is our current primary residency and would operate at a loss of about $10k/year.I plan to travel back to the US at least once a year, could that be a deductible expense with an LLC?