I'm researching STR options for my first investment, and I'm wondering what areas of California are prosperous for Airbnbs.

Condos can be a good option for new investors, but updating kitchens and bathrooms might not add as much value compared to single-family homes, especially with potential restrictions from condo associations.

This gives you the best heads up when going through options!

I just came across this forum and thought I'd post this and get thoughts on if the I made the right move with the purchase of townhomes and what my other options are. 

If you want to attract high-income earners who are used to a certain quality of life and can't afford to buy in those areas, then look at your available options; house-hack, partner, buy a condo/townhouse as opposed to a single-family home, start with medium-income earners, etc.

Oh, thank my heavens for their power to negotiate a deal $125 less than what I had asked for and for making me pay my tenant's utilities!

The asking price is 77K and a couple different lenders that I have worked with in the past will not lend that loan.Looking for lending options.

Instead of implementing a first right of refusal, there should be an option to buy their homes from them at a fair market value/paying to move their homes elsewhere or give them the first right.This is the real issue, we are not protecting tenants by solely giving them the first right of purchase.

I have better things to do than to have to worry about tenants stealing food etc, more power to ya but 100% not for me.I also would never stay somewhere there is interior cameras, some things should just remain private, for no other reason than that.

And your accountant has the option to treat the 1031 as an installement sale with $1 mil received in the year of sale and the other $1 mil received in the next tax year.