They are exceedingly rare, thus very expensive, but I believe they represent an excellent long term steady income and store of value.  

Yard signs, car magnets, and even business cards still go a long way.

We need to close on the second piece of land for the parking which is maybe $60k by June so I figured to set it up and raise the first 500k-1 million for the development. the SPV could also just be a development SPV with a refinance as an exit. but I think planning on long term ownership is best with passive income. the structure you talk about with hotels is post entitlement it's hard to negotiate up front. so this is a unique opportunity where we own the land and it's meant to be a good start. 

@Khaled SeirafiA 1031 exchange from a multi-use property in the Bay Area to a multifamily in Orange County with a medium-term rental (MTR) strategy can definitely work, but location, regulations, and demand are key.

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community. 

I'm looking at it long term and will not need the equity anytime soon.  

looking longterm who knows what's going to happen in the market.The largest thing to be cautious about is that with commercial tenants you as the owner often have to put up money in the form of a check or abated or free rent to help the tenant get open for business and build out the space. 

Hello everyone, I have seen in this forum a lot of people who have experience and passion.I am also passionate and want to invest in real estate for the long term.

Because the interest rates were so low, I was able to keep the same mortgage payment cost we had before but for both houses with a shorter term! 

Does it make a difference for privacy (in terms of public records, so disregarding lawsuits)?