FHA has some time required before reselling  a property you just purchased, 3 months i believe but everything i’m saying must be validated for your own protection doing these things.

Many are spending their money on Christmas gifts. 

Of you can relocate and house hack, I highly recommend that so you give up less cash upfront.Good job not spending your stack on some bad *** pick em up truck or other nonsense young people would otherwise spend it on! 

The “Big deals” are…You have to buy something you don’t already own, not pay off debt, renovate a home you own, or build on land you already own.You have to spend all the “cash” you receive.You have spend more than your net selling price.You can never receive or have control of the cash, you need a QI PRIOR to selling. 

If you are looking for property in San Diego that is going to have good initial cash flow, you are going to either have to identify an obscure value add or expect to spend a lot of time and effort to find good off market purchase (most off market offers are not great). 

I took a few years out of work to take care and spend time with a family member whp passed, so I have only been working for a year now.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

It will protect you for cheaper without the additional complexity.

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

However, if it’s not necessary for liability protection, you might avoid the headache altogether and just beef up your umbrella insurance policy.What’s your take on this now?