Every market in residential zoning has an expiration date, we just don't know what it is yet.The obvious solution is to buy in already regulated areas with tourist/commercial zoning.The returns are lower, but at least they can't go to zero overnight.

They usually are high on estimated ARV and low on estimated upgrade costs.San Diego RE investing returns come from: appreciation, value adds, equity paydown.Value adds:Rehab: Standard BRRRRADU: have become popular in last 2 years due to changing CA ADU regulations. 

(If there is a PM, who will manage the PM and the oversight).Who will take care of the partnership return or forward the tax information if its a tenants in common property.Best of luck

@Nicholas DillonI concur with @Vessi Kapoulian comments.Promised or projected returns do not mean actual returns.

Over the period of 360 payments a total of $77,665.33 in interest will be paid to the lender along with the return of principal.   

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

But if this equity is really all you have for retirement do you want to give it for the sake of potential returns? 

Spend some time considering how the repairs will get you a return on investment.

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

This allows new investors to gain experience while minimizing risk and maximizing returns right from the start.