We're a brokerage that deals specifically with investors.We hold monthly REI meet ups all throughout massachusetts where investors, vendors, attorneys, lendors, agents, etc come to learn and network.Our Worcester team is hosting a meet up at Bay State Brewery in Worcester this wednesday from 6:30-8:30p. you should stop by!

Best of luck with your venture!

Not sure if you have landlord experience, so Forget the rental idea.California is a high risk venture for any landlord.

I emailed them initially to stop the auto-renewal from occurring.

It's generally cheaper to non-renew someone if they stop paying than to try and evict them. 

This allows you to show your ad again (at a fraction of the cost of search keyword clicks) and “remarket” to visitors who stopped by your site but didn’t convert.Remarketing is a great way to boost conversions and create the impression that your brand is “everywhere” online.And if a seller is processing various investors he is talking with, he may be swayed again to leave his details if he encounters your site again.

Since I spoke with the previous owner's property manager and she did mention the previous owner stopped making the payments on the eletric.

That’s when I realized out-of-state investing could be the best path forward, especially given our flexibility with remote work and plans to travel.Venturing into Airbnb ArbitrageSince I wasn’t quite ready to buy, I ventured into the Airbnb arbitrage space and purchased a master class to learn the ropes.

if it is in that bad of shape I would venture to say at best insurance would prorate. 

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.