There are options that have no seasoning requirements, but they tend to be slightly more expensive so it's really up to you how you'd want to proceed.

I hear renovations tend to disrupt the energy.

Hey Stephanie - If you’re open to STRs, they tend to perform well in Orange County.

People tend to not think about how many devices they have using the internet. 

You should make sure that in the worst case scenario (no rooms rented out), that you will be able to afford the mortgage.Even though it's unlikely all the rooms will be vacant, its equally unlikely that all rooms will be rented out for a long time, room renters tend to move around a lot so you still want to make sure you're prepared for the vacancy, as Koren mentioned above expect leases under 12 months.  

In terms of strong markets, I tend to look at major industries in an area (hospitals, universities, military, etc.) because I want a large tenant pool.

Being a consultant or flat fee referrer is good if you have the "rolodex" but then it's limited and like having fixed income.

I can recommend some if you need referrals and ready to take that next step.

We have found that those who are unemployed and pretty much housebound are the ones who tend to disrespect the property and have too much time on their hands for nothing good. 

I'm in the process of setting up a business structure for my real estate investments and would greatly appreciate any assistance or referrals from those with experience in this area.A Bit About MeOver the past five years, I’ve acquired a few duplexes in Illinois, all currently held under my personal name.