I have been consuming as much education/reading regarding out of state investing as I can as well as literature regarding buying larger buildings (not quite the syndication level) although I have been reading that material as well to digest.

Very difficult area to be a landlord.Tenant base is lifer tenants. very tough on the housestheft is rampant you leave a home vacant for more than a few days and you HVAC AC unit will take a walkKids break in and trash them.YAZOO Clay screws up the foundations big time.And lastly with those homes they were built so cheap in many instances they are just functionally obsolete and take way more maintenance than other areas of the country.

Sales Tax Breaks: Construction materials and services may be subject to lower tribal sales taxes—or exempt altogether.4.

If you’re dealing with a tough property, let’s talk.

Tough to answer due to so many feelings about risk tolerances and what other investments could be making you as a ROI.I feel leverage of real estate is the real strength of this asset.  

Sorry to hear about the tough eviction.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

When faced with scenarios like this, it's tough to answer such a specific question with limited information. 

The terms are usually more flexible than hard money, and you can negotiate interest-only payments until the flip sells.Business Credit for Real Estate – A lot of investors use no doc 0% interest business credit to cover down payments, materials, and labor costs instead of tying up personal cash or taking on a loan and you .

The liability coverage is way better, the building coverage is often better, and commercial policies typically cover loss of business income as well, which a homeowners policy isn't going to help you with.California + wildfire area + STR is super tough.