Hi everyone, My name is Ray Scirrotto, I am a 28 year old aspiring real estate investor hoping to land my first investment property soon. 

In renting this property, I've been able to amass a nice database of potential renters in the area. 

Are you living in it or is it a pure investment property? 

Additional insured is more about extending liability coverage to a third party like a property manager.

I'm looking at house hacking a duplex or the like for my first investment property and looking for some advise on timing.

Would like to owner occupy a property again for 1-2 years.

Before the accounting side of the business management gets too far, I was wondering if there are any recommendations on an easy Bookkeeping tool. 

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

These are typically provided by the borrower's professional property manager.

While I haven't invested with them, I've known them and worked with them since their respective inceptions.You might also want to check out Sunrise Multifamily who recently acquired one of Whitehaven's properties.