If you live in one small unit and get a type 1 STR permit, the numbers i have run are $80k-$130k year income.  

The other 3 charge around $700 a week for a nice room with 2 beds and access to a pool, weight room, and free breakfast.So I charge $400 for 2 bedroom places that are as nice as the $700 a week motel, but people can cook, do their laundry, have their wife visit, shoot a bow & arrow in the back yard, process a deer in the garage, work on their vehicle, etc. 

Just wanted to pass this along in case someone else runs into the same issue. 

I know it isn't necessarily required, but it seems like a good vehicle to write up a clear strategy, divide ownership, and mitigate risk.I know an LLC can't purchase a property.

And a ton of money sometimes when we are careful.Stick to your lease agreement, get the Security Deposit, get co-signers if need be, and always run a credit check.  

I was thinking along the lines of vehicle or equipment storage?  

You need a marketable lease when you exit later on and if the tenant gets all their way it can hurt you in the long run for resale.     

-run those on any property you find in San Diego and you'll find out pretty quickly that you're going to be in the negative.

Or some project your not willing to take on just yet.I did notice I am month out in this response, but I do not think you need to narrow it down yet. you will learn what to filter while running the numbers on the properties naturally. just as @Ali Boone said.Good huntingKirk

@Steve Babiak have you run into this before?