Now this number will change if the person pays off early, etc. 

Good morning, @Edna WhiteIt looks like you have already found a potential deal and identified a potential tactic (subject to) to make the deal work, well done so far!

Unfortunately, your investing journey is very, very far away.

Met with a GC for the 1st time this past weekend and needless to say, we're off  "a bit" on our build estimates.

You can mitigate by splitting sales over two years (which is what I did, end of 2021 and beginning of 2022, both great times to sell btw ;) Then I paid off all my debt on my keeper properties, thus maximizing rental income with fewer and better quality properties remaining in my portfolio.

I don't want to post our URL as I don't want to come off as advertising, but I can message you.   

Passive income is something talked about, but the majority of real estate investing is far from passive and what is called passive has payments for the passivity (management).Your why is strong, to provide generational wealth for your family and likely achieve time freedom long-term, that's awesome.

I love San Diego and also like doing Real Estate in San Diego. i am planning to figure out how to become a real estate professional along with keeping my W2 job as long as the Stadium Company does not fire me. i want to have a backup as my spouse also have a W2 and so if i get laid off i can be then consider full time real estate professional and then focus completely on my RE journey.

Make sure you are calculating all your costs for snow expenses if you are looking that far up.

I've also found that our inspection reports and leases are FAR more detailed than the average one, which protects the property and the owner.