The lease is up in March  2023 for one and the other unit is being leased April 2023-2024.

So realize, I suspect it will be a long time before you achieve positive cash flow in Carlsbad. 

If you are trying to achieve financial independence and create generational wealth, the more leverage you have, the better (in my opinion of course).

Not over interested in actually doing the work it just wondering if it makes sense to use those hours to achieve REP and reduce my W2 stuff.

Once you understand your goals, you need to pick the best strategy that helps you with those goals.Once you have the strategy and goals, you can then pick a market that helps you achieve those goals and implement the strategy the best you can!

The mother unit is 3/2 and the daughter is 1/1.

You can achieve this through REI by using the formula ROI=(Current Value of the Investment-Cost of Investment)/Cost of Investment).

The unit is about 550 sqft, 1 bed and 1 bad.

I’d be happy to discuss your goals with you further if you’d like and come up with a plan to help you achieve them.

You could do that in a multi-family that has 1 water heater per unit to save on installs, but at that point the unit is probably already individually metered.