This is in San Antonio Texas.First, congratulations on your impending purchase.  

But in California, especially San Diego, the biggest risk on this deal isn’t the ARV or the rehab.

Quote from @Alicia Morgan: Hi everyone, I’m Alicia, checking in from San Antonio.

BP community, is there anyone that has built a Multifamily (1-4) in San Antonio and if so, willing to share info such as estimated costs and who you used as the builder?

in my primary (San Diego) market, My worst appreciating property has appreciated $2700/month over its hold.

Which works well if you already have realtor experience, are self-motivated, can be source your own leads & clients, and generally have a good knowledge of how residential real estate works in San Antonio. 

Austin came in behind the San Francisco Bay Area, Seattle, New York City, Washington D.C. and Toronto and ahead of Boston.Austin's ranking was unchanged from 2022.Among the highlights of the new report:- Austin ranks No. 3 for the highest concentration of software engineers, trailing only the Bay Area and Seattle.- Austin also ranks No. 3 for the highest concentration of tech talent within the core tech industry, topped only by the Bay Area and Seattle.- Local tech workers earn an average salary of $104,000, up 18% from five years ago.

Quote from @Alessondra Gernan: Hi everyone, I live in San Francisco/Daly City, CA, and I’m lucky to have an affordable living situation right now.

Each line shows Rent, DOM, month over month DOM change, and year over year DOM change.AlabamaAll - Rent: $1,450, DOM: 58, MoM DOM: 4%, YoY DOM: 18% AlaskaAll - Rent: $2,000, DOM: 50, MoM DOM: 11%, YoY DOM: 21% ArizonaPhoenix - Rent: $1,868, DOM: 57, MoM DOM: 6%, YoY DOM: 10% ArkansasAll - Rent: $1,400, DOM: 52, MoM DOM: 6%, YoY DOM: 23% CaliforniaSan Diego - Rent: $3,025, DOM: 57, MoM DOM: 10%, YoY DOM: 21% Los Angeles - Rent: $2,750, DOM: 64, MoM DOM: 5%, YoY DOM: 5% Sacramento - Rent: $1,989, DOM: 44, MoM DOM: -2%, YoY DOM: 19% San Francisco - Rent: $3,650, DOM: 79, MoM DOM: 16%, YoY DOM: 61% San Jose - Rent: $3,051, DOM: 54, MoM DOM: 6%, YoY DOM: 50% Oakland - Rent: $2,295, DOM: 63, MoM DOM: 13%, YoY DOM: 13% ColoradoDenver - Rent: $2,040, DOM: 54, MoM DOM: 10%, YoY DOM: 17% ConnecticutNew Haven - Rent: $1,700, DOM: 83, MoM DOM: 28%, YoY DOM: 93% DCDC - Rent: $2,500, DOM: 63, MoM DOM: 7%, YoY DOM: 17% DelawareAll - Rent: $1,995, DOM: 50, MoM DOM: 4%, YoY DOM: 28% FloridaJacksonville - Rent: $1,602, DOM: 56, MoM DOM: 6%, YoY DOM: 19% Miami - Rent: $3,100, DOM: 57, MoM DOM: 10%, YoY DOM: -2% Orlando - Rent: $1,995, DOM: 56, MoM DOM: 8%, YoY DOM: 17% Tampa - Rent: $2,100, DOM: 55, MoM DOM: 4%, YoY DOM: 17% GeorgiaAtlanta - Rent: $2,095, DOM: 79, MoM DOM: 7%, YoY DOM: 16% HawaiiAll - Rent: $3,050, DOM: 119, MoM DOM: 18%, YoY DOM: 34% IdahoAll - Rent: $1,795, DOM: 42, MoM DOM: 11%, YoY DOM: 24% IllinoisChicago - Rent: $1,950, DOM: 52, MoM DOM: 11%, YoY DOM: 6% IndianaIndianapolis - Rent: $1,500, DOM: 55, MoM DOM: 10%, YoY DOM: 21% IowaAll - Rent: $1,150, DOM: 51, MoM DOM: 14%, YoY DOM: 27% KansasAll - Rent: $1,395, DOM: 49, MoM DOM: 11%, YoY DOM: 24% KentuckyLouisville - Rent: $1,299, DOM: 61, MoM DOM: 9%, YoY DOM: 26% LouisianaNew Orleans - Rent: $1,795, DOM: 65, MoM DOM: 7%, YoY DOM: 21% MaineAll - Rent: $1,995, DOM: 66, MoM DOM: 18%, YoY DOM: 29% MarylandBaltimore - Rent: $1,650, DOM: 81, MoM DOM: 7%, YoY DOM: 42% MassachusettsBoston - Rent: $3,295, DOM: 147, MoM DOM: 5%, YoY DOM: 46% MichiganDetroit - Rent: $1,195, DOM: 70, MoM DOM: 6%, YoY DOM: 22% MinnesotaMinneapolis - Rent: $1,500, DOM: 38, MoM DOM: 19%, YoY DOM: -16% MississippiAll - Rent: $1,495, DOM: 59, MoM DOM: 11%, YoY DOM: 22% MissouriKansas City - Rent: $1,395, DOM: 54, MoM DOM: 17%, YoY DOM: 30% St.

.- These will be investment properties, not primary residences, as I currently live in San Francisco, CA.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!