I mean, hey, your such the awesomest and EVERYBODY loves CA #1, so no doubt every CA resident will be ecstatic to help chip-in for it all. 

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Save...it takes a lot more money than most new investors believe (don't drink the Kool-aid that you can get in cheap) and residing outside the US will be seen as a substantial risk to most lenders which will limit your financing options. 

Investment Info:Single-family residence buy & hold investment.

Sad times we live in just as we enter bear market today & prepare for crash of our lifetime!

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

Maybe go prepared with a spreadsheet of fix up costs prior to just hitting her up with that.

It's one of those things where if you are going to require it, you have to be prepared to evict for not getting it.

. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.

Purchase price: $350,000 Cash invested: $50,000 Sale price: $550,000 I acquired this property in 2015 and used it as my primary residence for two years.