Andrew Keene

getting 35% return on capital in a year is unbelievable cash flow.

There are a lot of risks.

So San Diego per se, you know, it's not illegal, but it's not HOA friendly.

So most buildings in San Diego, you cannot do it because your HOA won't allow it.

So getting standalone units is a way to get around that because they don't have HOAs.

There was one that sold in Little Italy and I was too slow on the trigger for about $750,000.

And that would have been HOA friendly.

A lot of places aren't HOA friendly.

And, you know, they're trying to...

through the short-term ban, and in San Diego, it actually just got declined.

So they're trying to ban all short-term rentals in San Diego, and that did not pass.

Doesn't mean it can't pass in the future.

Your biggest risk is the short-term bill passing in a certain city.

It got passed in New York and in San Francisco.

Now, Airbnb's suing San Francisco, the city that they started in.

So that's the risk.

But, you know, from my point of view, you can take advantage of this cash flow situation until you can't.

And worse comes to worse, they ban short term rentals.

What do you do?

We still own the unit.