Your relationship with an investor-friendly realtor will be crucial here.4.

Networking events, seminars, and workshops help you connect with like-minded individuals and mentors.

@Matthew McCarty and @Aileen OuyangInvesting in anything is specific to each individual's goals.

I will provide some thoughts on the San Diego purchase- virtually all high LTV mls purchases since rates started to hike have negative cash flow at purchase- historically great appreciation- historically great rent growth but recently flattening- prop 13 is great benefit for long holds- laws keep getting less LL friendly.

High LTV purchased at retail (off mls) has large initial negative cash flow- regulations are tenant friendly.  

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

You have a friend, He will rent it in its present condition as soon as you make it available to him for $90 per month. 

No reason not to use a top platform.Regarding the friends thing, that is dirty pool IMHO.

It probably be best as a friends-and-family type loan, but I don’t have anyone around me that is an appropriate lender.If I have to, I can put the funds in myself, but its inconvenient, and would come from investments that would need to be sold, taxed, etc.

One big thing to keep in mind is that Daytona Beach itself is not very STR friendly.