New to BP, new to REI, would like your thoughts

[Account Closed]

So I am totally new to REI in general. I live in Anaheim, CA. At first I was thinking buy & holds for long term wealth. Then I was thinking if flipping homes would be more ideal for me to begin with.....then a crazy idea hit me. I live in a neighborhood, I mean in the closest neighborhood to Disneyland, literally. I've noticed people walking in groups from my neighborhood to Disneyland. Recently I checked and OMG there are so many STR'a in my neighborhood. Averaging about $350-$400 a night! My brother lives directly across the street from me. So I was just thinkin, what if we buy 1 big house, where both our families can move into and we rent both our houses. Or my brothers idea is to make his house a 2-story house (6bedrooms) and we all live in it while we rent my house out. Did I mention I have a swimming pool?

Am I on to something? Any advice would be great. 

Thanks in advance

[Joe Homs]

Jose Salas Welcome to BP. What a great idea, but you are about eight years behind the curve. The city of Anaheim, like most, were asleep at the switch. They woke up with AirBB and started collecting their fare share. Now with all the neighbor complaints they have in place a moratorium. Please check with the city before you proceed.

Good investing.