Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

So the benefit to investing in a note fund is that with no additional exposure, investors get access to a consistent return with less liability.Best,Dave

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.

This has worked for me numerous times over the years.  

If you wait until 70, you can maximize your benefits. 

Also AirBNB stocking fees, maintenance, cap ex.But at the same token know that the principal portion of your mortgage payment is actually not a true expense so there is that benefit to doing all of this even if you are light on the cash flow or break even.  

I’m originally from NYC and I’m currently working overseas for nearly 10 years as a Construction Manager and have been enjoying my time here as well as my family (and the tax benefits too!!).

That way you'll benefit as revenue goes up over time and your portion will go up too.