Not cool!

If that is what was agreed upon and he is cool with it, then no worries.

It’s pretty cool to see now that I’ve had my eyes opened up about this field.

Not sure that an american rental / investing site is going to be much help .these type of trophy properties are usually sold through higher end brokers like Sotheby's etc .Sounds like a cool place I have to think this is an easy sale for the local brokers or other types of brokerage community in the area.. 

You have to be a specific type of person and be comfortable with strangers sleeping in your home, but I think once you get over how weird it is at first it can be a cool experience. 

Cool. 

So I’m wondering if I should jump in to the real estate game now and start working forwards my goal, or should I keep hoarding money away until the market cools off a little bit.

Asset protection is key concept that I picked up from Rich Dad Poor Dad book "Unfair Advantage" by Rober Kiyosaki, and my limited understanding tells me that I should have an LLC to protect my personal assets from the property, that is a cool $800/ year here in California.

I love em because they work at any point in the market cycle (about to get even better with the market cooling off) and you don't need lending or any capital to do sandwich lease options and if you do get a home at wholesale pricing (70% of value) you can then purchase it with private lending for usually 1% above prime rate to still mortgage it medium term (<5 years) and make a larger profit when it closes.

I'll bet that feels cool to go and visit a property after you've bought it.