you need a stamp and to become a professional engineer in your state.

.: *assumes CA averages for valuation, rent, profitability, etThere are strategies for starting small or starting big, that are discussed but I am not entirely sure what would be like too big for a first deal...My inclination is to assume that the larger the asset or more units the better, as there is less tenant risk, professional property manager, etc.

.✔ Syndication (Reg D 506(b) or 506(c)): If you're looking at $1MM+ deals, syndicating investors could work—though it requires legal structuring.✔ Networking: Target high-net-worth individuals (HNWI), real estate groups, and doctors/lawyers/tech professionals looking for passive cash flow.3.

However, they are full of legal jargon most landlords/tenants can't understand and they miss a lot of things an experienced landlord would recommend.If you have a landlord association, join them and start with their product.

Many carriers are including exclusions for GC commercial general liability coverage and professional liability coverage for engagements involving condos and even stricter exclusions when dealing with conversions.

You would spend far more on Marketing, background checks, tenant placement, repairs, and possibly legal fees with the eviction process.  

My experience shows whole-unit rentals to families or solo professionals cut vacancy rates and simplify management over room-by-room.For faster occupancy and stability, try my hybrid co-hosting model: we market listings to insurance and corporate housing partners for mid-term stays (months to a year), boosting rent from $2,300/month to $7,300/month.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

I’m new here and not a real estate professional—just an entrepreneur navigating some challenges and hoping to connect with property investors who might see an opportunity in my situation.My main business has hit growth hurdles, creating financial strain that’s forced me to part with my primary home in Pensacola, FL.