Just a heads up for those looking in San Diego, specifically the College Area.

However what I often find is that the capital would be better deployed elsewhere.Often times the unsexy vehicles of investing (midwest duplexes) will cashflow and appreciate far better then the sexy ones (LA beach house).With the cashflow from a midwest duplex, you could afford to stay in an even nicer beach house in San Diego each year.

For example if you are currently paying $2000/month in rent, but you can find the right property that reduces your monthly living expense to $1000/month thanks to tenants and your house is appreciating at CA rates then you may still be ahead.

But hey, you're in an enviable position so we  certainly want to encourage you to move ahead... and get started with something.

We're going to go ahead and cover it

Estimated rehab: $15 - 20kOr this:Comp #1: 200kComp #2: 205kComp #3: 193kARV: 330k Don't do those 2 and you'll be way ahead of 99% of wholesalers today. 

I really appreciate your words and spoke a little bit with @Joanne Eriaku last night and feel refreshed to start again today, put my mind to the task ahead and make this happen!

It is an asset holding vehicle for the IRA.  

But, hotels, motels, recreational vehicle parks, marinas, campgrounds, or similar types of businesses are eligible if more than 50% of the business’s revenue for the prior year is derived from transients who stay for 30 days or less at a time..."

I’m in the middle of a “severe” rehab in west Escondido with 50% of my budget already spent, still a long ways ahead but im seeing a little bit of daylight.