Property is located in the Coronado Historic District and is in close proximity to numerous bars/restaurants and local hospitals.

The city is changing daily with developments  peppered throughout the urban core and all the planned growth on the horizon for south of downtown.

Also I have talked with numerous investors in the area and the cap rate seems to be from 7-8%.

There are numerous original acts playing every-single night of the week and countless bars/clubs all over the place (and many of them signed to independent small labels).

After numerous complaints multiple times a week, I reached out the upstairs tenants directly with emails and a phone call.

Hi Varouj, it’s a great time to be looking into SA with developments breaking ground and planned all over the urban core. 

I also find an Open House is great A) It saves me from making numerous appointments, especially when a percentage wont even call or show up and B) Creates some competition when potential candidates see others interested in the home. 

Likely due to the lower-than-anticipated supply of short-term rentals, occupancy rose slightly and the ADR (average daily rate) rose by 11.5% last year.Mountain and coastal areas were hotLittle surprise here as people fled urban areas during covid.

If you cash out refi and use that capital to bring in a cash flow and or appreciate rate greater than the interest rate difference, this move would make numerical sense.

One folder for receipts, all organized in numerical order so any receipt can be found easily.