We have a lot of sentimental love for the home.

Thanks for the kind sentiment and advice!

The prices of their neighbors property from a lower rate and higher buyer sentiment environment has been the hardest concept to break for them.

I PM throughout FL but offer broker services in the Tampa area and some clients had that same sentiment thinking cash flow was not possible and I was able to prove it wrong.

So far those have not passed, but the political sentiment to STRs leans negative.As for the financial performance of STRs in San Diego, I believe the RE market is challenging virtually everywhere.  

If they’re emotionally tied to the property or assuming it’s worth more because of sentiment, your tone helps shift the conversation back to objective valuation.Also—if they haven’t gotten an appraisal yet, this might nudge them to get a reality check from a third party.

I echo the sentiment that getting your credit up is going to be essential to your long term success as an investor.

Roof and water heaters are brand new, property is about 15years old from the same owner.Most duplexes in the area are running over 100k more >I agree with you cashflow is king.When I started on BP, this was the common sentiment. 

Lots of different city regulations, so be up to date on those and the sentiment behind STRs. 

Trend Fatigue is for sure at play, as is New Entrants and Sentiment including Consumer Sentiment and Investor Sentiment.