As @Joshua McGinnis points out, many landlords get away operating in grey areas of LA zoning laws, similar to Airbnb, but this risk should be understood and addressed by all investors before taking on the challenge.Many avoid attempting to get a zoning change for such a small project (assuming SFR locations), and rather sign master leases with one or several flight attendant tenants, then allow them to sublet with landlord approval.Best of luck,A

For that matter, those ideas are understood just fine in compliance and regulation.

Completely understood.

I've made decisions based on strategies that I understood and implemented to achieve results that I had reasons to expect.

Report back and once the "concepts" are understood, ask specific questions based on your market or situations.Nothing is handed out on a silver platter, we all had to read, listen and learn this business and honestly it is the only way it can be learned.

I don't know that a "flip" as commonly understood, could ever be subject to a 1031 exchange.A 1031 exchange has a number of rules.

While the basic concepts can be understood from one of several books on the subject, they are notoriously unreliable for the state specific information.

My first thought is that the exit strategy and rehab strategy should have idealy been understood prior to you purchasing the home.

Sub-2 is pretty common and understood, now, finding one that will do it might be different. :)

The power of exposing a property through the MLS is either not understood, or intentionally down played by many.