That's certainly responsible for some of the valuation inflation happening. 

.🔐 Legal Enhancements: Revised operating agreements and leases for a solid foundation.💡 Creative Fund Sourcing: Innovatively secured an extra $40,000 reserve, ensuring financial resilience.

Our lease mandates tenant insurance and clearly states it is the tenant’s responsibility to maintain their tenant insurance and that we are not responsible for external housing expenses.Virtually none of the LL have insurance to cover these repairs (only one of my units has insurance that would cover this type of flooding and this insurance is not cheap).  

This is a pretty nice unit in a solid B area and location.

However, studios result in addition PM responsibilities.  

., see the response just above this post. 

If the deals have enough fat in them, then I think that this could be a solid strategy, and I would then manage the property for my friend going forward, so that he just receives passive income. 

Hi @Conner Olsen,Thanks a ton for your response!

As I navigate through this decision-making process, a question has surfaced: Is my perception correct in thinking that California leans more towards appreciation-heavy investments rather than prioritizing cash flow?

Thank you Devin for your response.