Quote from @Joshua Nichols: It sounds like you need the active style job/position in real estate with BRRRR, flipping, partnership and all.

Just be sure to track the rental vs. personal expenses accurately.An FHA loan is a good option for first-time buyers since it offers a low down payment (as low as 3.5%) and allows you to live in the property while renting out the other units.If you’re considering investing out-of-state, it can offer better cash flow and lower property taxes compared to California.

Where to house hack depends on your price point & what kind of neighborhood your personally want to live in. 

Great points, Jeff — and you’re right to highlight that the expense ratios are unusually efficient for a coastal STR.A couple of clarifications on the numbers:The current owner self-manages, which keeps cleaning and maintenance costs lower than a third-party STR manager would typically charge.Some of the repairs and CapEx were front-loaded in prior years (new flooring, appliances, and paint), so last year’s P&L reflects more of a stabilized-operations scenario.The utilities figure is accurate — it’s higher due to being master-metered for the property — but the other OPEX categories are slightly understated if you were to underwrite this as a fully managed, third-party operation.If I modeled it using a professional management assumption plus normalized reserves, the operating ratio trends closer to 48–50%, which aligns with what you mentioned for coastal STR multifamily.I appreciate you calling that out — it’s a great reminder of how much variance there can be between owner-operated and institutional-style expense reporting, especially in hybrid STR assets like this.Here's the owner's profit and loss statement for the exacts of the 2024 year.

STR and event-style buyers tend to respond well to deals with character, views, or flexible zoning.

Always look at your competition and how your property compares with square footage, amenities, style of house and of course price.  

The grantor is the person who puts the asset into the trust.The grantor determines the structure of the trust. 

Which is a little offensive to think that I write in the style of a bland AI bot. 

I've seen some crazy designs, like floral wallpaper with neon signs that okay, may not be my style, but they are eye-catching.

They just take a personal financial statement.