We met ALL of the criteria for our private money lenders being 'Friends & Family' and they all have agreed to receive email communications from us.

The irony of the 1% "rule" is that those who could even use it effectively don't need it, ie if you need to spend more than 30 seconds thinking about whether it fits the guidelines you're probably not educated enough in RE to use it anyway. 

BTW, I have a 2 decade long Facebook profile and hundreds of "friends" something you don't usually see with scammers (new profiles created with very few friends).  

Make sure your listing is well optimized you can also do a little tweaking to your listing daily to get on the algorithm, make sure your photos are eye catching and well arranged, you can send out your link to friends and families and ask them to add it to their wishlist.In terms of pricing you always want to start low to get some bookings and ratings then slowly increase your price.I wish you the best in your business.

And the rules are also very landlord-friendly. 

BiggerPockets has options to search through investor-friendly resources that you are looking for here too. https://www.biggerpockets.com/real-estate-companiesGood luck on your STR journey and let us know any updates or questions that come up!

California is certainly not landlord friendly, as you have already eluded to.

A close friend of mine worked with a client who snagged a few acres just outside of town near the North Platte River.. it didn’t show up on the usual listings, but popped up through a local contact who’d been hinting at a seller looking to keep things quiet.You mentioned it’ll be a three-year timeline.. that’s actually not a bad window.

If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?

Have none become real friends?