We source and purchase all finish materials for our projects (lights/plumbing fixtures/etc). 

I purchased a PreREO deal from them about 4-5 months ago. 

We're crunching numbers and planning to make purchases this year in the self-storage space.

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. 

How many deals have they historically reviewed to find one purchase?

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

I'm not always opposed to some of these measures, but I am objectively looking at how this will affect investing decisions.I agree, the reclassification of vacation rentals to commercial property is the big issue I'm watching.

Don't be suckered into buying cheap properties - unelss you know exactly what you are getting into.Here's some copy & paste advice that applies to just about any Midwest rental market:--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.