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Kitchens get expensive quickly, even when you’re trying to stay “budget.”If you sell at $250k, make sure you’re backing out:Agent commissionsSeller closing costsHolding costs (insurance, taxes, utilities)Contingency costFor a first deal, I’d either:-Increase the rehab budget and aim for a stronger resale price, or-Treat this as a wholetail — fix safety and functionality, clean it up well, price it right, and protect your downside.Venice is a solid market, just make sure the numbers work on paper before you commit.

On top of that, there is usually a delay while waiting for parts to arrive and then scheduling a second visit, all while the tenant is without a functioning unit.At that point, replacement starts to make more sense for me.

System Controls and Thermostat Check: Verify proper functioning of controls and thermostat for accurate operation.

I just don't like the functionality of the Schlage.

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Their diligence barely scratched the surface, and their entire business plan was held together by assumptions that had nothing to do with how those markets or asset class functions.

Over time, this doesn’t just tweak the system—it reshapes how mortgage lending, equity, and capital markets function.

When underwriting your first purchase, I’d encourage you to run the numbers so that once you move out, the property is cash flow positive and functions as a true rental.

It is a large and growing market, and buyers are often willing to pay a significant premium for the lifestyle flexibility these homes provide.For many buyers, this type of housing functions as an insurance policy against having to relocate again.