If it were possible to invest within driving distance we would love that, since we are a little nervous about dealing with any renovations or even just unexpected maintenance from out-of-state.

Cash value volatility with changes in the value of the securities component.2.

This is a critical component.

A lot of unexpected things occurred with my last flip where I had to make some decisions.

Are you paying cash for assets, using leverage as a single owner, or wanting to enter syndications with a 'crowd funding' component?

I have budgeted an extra 20% on rehab because I know unexpected things will come up.  

Is that the type of property that you are dealing with, or are they true commercial properties with no residential component at all?

I have had a few minor unexpected repairs.

In my case, I encountered an unexpected issue where the property was situated on a lakebed lease, a common occurrence in the area.

Thank you in advance.Theres an unfortunate component to the anti STR sentiment in California, as a long time resident of the Sierras we've seen alot of bad behavior by renters.