This would be my second purchase in the Pittsburg area. I am partnering with another investor who owns 4 single family homes in that vicinity. I own 4 rental properties and a small strip mall in the Baltimore area

@Jerry Zigounakis For your STR in Big Bear, forming a CA LLC is ideal for liability protection, even with the $800 annual franchise tax and possible gross receipts fees.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

Get as much information from the previous landlord as possible BEFORE meeting them.

Any insights on financing, managing renovations, or rental demand in Detroit would be greatly appreciated! 

In either case use the contract to create some built in relief - a longer than usual closing period or due diligence period, or finance contingency.  

Doing it all over again, I would use a investor focused agent.How did you finance this deal?

How did you finance this deal?

2023-2024 DECIMATED my already broken finances and killed my 15 yr run being debt free with paid off rentals and a house near the beach in the Ca.

My girlfriend and I are looking to get into Multifamily real estate investing and have also looked into the possibility of house hacking, although a good affordable property seems to be tough but not impossible in this area.