Buy a SFH and rent out every bedroom except yours.

At least in Ohio, the LLC is almost always worth using for property investors, EXCEPT when the investor resides in California, for the tax based reasons Michael discussed.

Thus even after rent rises due to supply and demand repairs remain the same initial cost based on 5% of the initial rent valueScenario B) Rehab is done and repairs are a flat value based on the post rehab rent price (let's say 2% of the rent value), and the repair price follows scenario A, except it’s just (hopefully) lower.

I sold off all my single family with the exception of the one 4-plex, which by the way, I just found out has a huge make-ready cost from the last tenant.

There can be exceptions.

The other option is to find your very own private lender (essentially just a person that has a large amount of cash themselves) and partner with them for the purchase or try to convince them to lend you money their money for similar terms as an HML except they do 100% financing.Either ways, run the numbers and weight out the costs and benefits.

He's exceptional at proactively creating terms that mitigate our risk and protect our investors AND getting all parties to come to the table, work through challenges, and get the deal done (it's no surprise that not all deals are smooth haha!) 

I understand Tahoe is a preferable market for STR (Yes, I know about Measure T :) ) due to the year round attractions with exception to the shoulder seasons, but really open to everywhere with a decent market in Norcal.

Pre pandemic street parking is basically unheard of in Manhattan (uptown exception).

I've seen that it's meant for first time home buyers but there are some exceptions like if your current home is more than 50 miles from your work.