Looking to buy an existing STR in Northern CA.

also no.I'm going to go buy some VTI

When I buy properties with way under market tenants, I have a "bad news bear" letter that I send out which introduces us, explains the current situation and tells tenants what the current market rates are, and for tenants not under leases, when and how much the rent will increase.

The facility is underperforming and it should be a good opportunity to buy it while the price is "low" (asking $40 million, with a solar farm that is currently being installed) before the "Silver Tsunami" hits over the next few years.  

@Cody JournellI guarantee you in the net five years, you'll look back and see this post as you are buying 50 units plus.

I understand that reading is valuable, which is why I'm curious to know which book you would recommend for a beginner like me to start with.I have yet to buy my first property but my goal is to house hack every year,  while buying and renting properties to hold long-term until my portfolio brings more cashflow than my W-2 job.

Im located in Phx,Az and its common here to still see empty dirt land in prime areas of city, as an example, my father who knows next to nothing about real estate purchased a 7k sqft gated dirt land  in the city 3yrs ...

They plan on buying this spring or summer.

(options to buy down into the 6s but I don't see many people opting to do that). 

Looking for input in this 4 unit building that I’m looking to buy in east Garfield Park, are there here anyone with properties in this location.