does a bear go potty in the woods ?? 

Recommended Long term rentals are the way to go at first, Medium term and short term are strategies to look into though once you gain your bearing.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

You should be. Are

Preferably, buyers would directly bear the cost of their representation. 

How many investment / interest bearing accounts you have.3.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

Just bear in mind that trips to Maui involve 'discretionary' funds...A few more things to think about during your due diligence. 1.

We're here to help each other so I don't see the point of bringing that up to scare somebody away from buying a condo in Tulum when, so far, it's had absolutely no bearing on the performance of investments there.

Quote from @Lucas Schlund: I have been having a very hard time getting a straight answer to this question, probably because im having a hard time wording it right, so just bear with me here.For my first deal, I plan on BRRRR'ing out of it to build my portfolio faster.