If you had to pick a market in the PNW to invest in a long-term rental, where would it be?

I have a mid-term rental in Southern California near the beach that is consistently losing money each year.

That being said, you cant really rent out your pool or finished basement to a Long term rental tenant, but you can with an ADU. 

I got better terms than I could get with a bank.

You might have to give up some income from the rentals but it gets you ownership of the park and time to fund long term financing.  

How that will play out for long term values is unknown - however human nature has shown proximity to water is desirable. 

The big unknown is how deep the electrical and plumbing work will go.Also, with the attached 1/1 unit, I’m debating whether this could work as a long-term hold instead of a straight flip.

What are the terms/status on your current lessees?

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

It’s becoming clear to me that relationships play a huge role, not just in getting started but in long-term success as well.