This isn't just general advice - it's absolutely essential.

I'm treating this first deal as a launchpad to build from.I like to plan ahead and set clear goals, and I truly believe that building a rental portfolio will give us a strong foundation and income safety net for the future. well I suspect you could sell your bizz to and generate cash from a sale I see many subs sell their business's for some very good money.. grass is not greener though when it comes to be a landlord  JUST SAYIN.. at least with your electricians your dealing with education quality folks tenants unless your buying the higher end your going to be dealing with different type of folkss that can just be incredibly frustrating.

If not, install updated, weather-resistant models- Light up walkways: Boost safety and visual appeal with path lighting- Use accent lighting: Highlight landscaping and improve nighttime visibilityReplacing interior and exterior lighting is a simple upgrade that not only boosts your property's appeal but also directly impacts tenant satisfaction and retention.

In exchange he pays me a chunk of money to essentially cover the equity gap. but mortgage is still in my name. 

If you pursue conventional financing (agency), then your education debt is calculated in one of a few ways:If a monthly liability is reported on your credit report, that is the amount that will be used in the DTI calculation.If there is no monthly liability on your credit report (shows blank or zero), Fannie UW will use 1% of the total debt towards your DTI calc and Freddie UW will take 0.5% of the total debt towards your DTI calc.Depending on what type of 1099 income you have, you may be able to offset your income with deductions or credits to essentially "zero" out the impact on your DTI. 

Staying in consistent communication with them is essential & is like hiring a PM where you have to stay on top of ensuring they are looking out for your best interests & not allowing your asset to slowly degrade away.You should always protect yourself with getting an inspection & having professionals within their field give you their perspective.

34X is high but nothing compared to Tesla, Palantir and many others in the tech space, which is what AirBnb essentially is.

Similar for essential San Diego and times of San Diego.  

So seller's need to be realistic that their home is worth $X00K, and the co-living I'd 'buy' for the value of the furnishings essentially.

Here’s the symptom: {describe what, where, how often, sights, sounds, smells, any recent changes}.List the three most likely causes.Give step-by-step tests I can do with household tools.Flag any safety hazards that require a licensed pro.”Best Practices for TenantsDisclose context up front (brand, age, last service date).Describe symptoms with senses—not just “it’s broken.”Attach photos or a short video; the model will ask smarter follow-ups.Always ask: “Is any step unsafe for a beginner?”