Hi I am a current homeowner and want to get a 2nd property for short term rental.I am wondering what would be the best course of action in terms of getting a loan for an investment property.Would you recommend getting...

Ideally, it would be nice to have both types of Investments.  

We have a property just north of yours and to be honest I would not be leaving a ton of supplies out for the type of guest avatar that comes through.

Purchase price: $545,000 Cash invested: $545,000 What made you interested in investing in this type of deal?

I see the no money type buyers who need credit repair do OK in buying low end SFRs and flipping those ..

California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.

Yes, I was tempted to type "these words are likely accurate" ;)  The reason is because tax rules are very much case-by-case, and your mileage may vary.Here is an important clue in your particular situation: ...I manage the rest?

I attached some visuals to give an ideal of the type of area. 

First, define your goals know your target cash flow, ideal property type, and budget.