@Martin Yip Toll So You are making a mistake treating your debt relationships as strictly transactions.

I really do think that good screening and honest / fair treatment of tenants regulates a lot of the issues that people seem to have down the road. 

If we need to find our own PM, we will strictly base on referral and reference.

Are you in a position where you could house hack, or are you looking strictly for an investment property with your $200k purchase price? 

Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.

Plus, regulations change and businesses move and staffing needs ebb and flow, I want to remain profitable in the worst case scenario. 

So brokers that have an idea what their insurance covers, won't let you do it.Russell, Wholesaling regulations are continuing to change.

It's called the law of unintended consequences and law makers do this all the time trying to regulate businesses they don't understand.

However, with a 5% down conventional loan, there isn't a strict limit on the number of properties you can acquire, as long as you meet the lender's criteria.One strategy I've seen work well is using the FHA loan to buy your first multi-unit property, live in one unit, and rent out the others.

Firstly, it's important to point out that Pismo Beach, like many other California towns, has imposed stricter regulations on STRs in recent times.The city has drawn a distinction between three types of authorized 'Less Than 30-Day Rentals,' specifically a "Short Term Rental," a "Vacation Rental," and a "Homestay Rental."