As to the HOA you should have been provided or allowed to purchase the HOA documents prior to submitting your offer or obtained them during the study period.

You need to set actual realistic goals, realistic being they key word, pick a market study it, study it again, study it some more than decide if the yield works for you.

Rich, if you had a home study course, I would buy it in a heartbeat!

Thank you for your reply.I have studied and drafted a few important clauses, which I asked the lawyer to translate into legal language, including must-have clauses for a California lease agreement.

My wife quit her corporate job a decade ago and got bored, so went back to work part time for a hard money lender. 

Key actions include studying the market, checking out properties, forming a team, getting the money ready, and beginning with something small.

These can include inputting your own information and getting a cost seg in 15 min, or having an engineer come to your property and make a more detailed study of your STR. 

That will be an excellent case study on the above question.

As far as my education is concerned, I have a BA in Theatrical Studies with a minor in business.

A cost segregation study may be beneficial to help reduce your current taxes.