You should confirm zoning allows it, then talk to the neighbors to ensure they are OK with it.

Ensure proper        documentation and usage of addendums.

Additionally, you can rent it out as an LTR during the off-season to ensure a steady cash flow.

He agreed to make the necessary steps the ensure im left with the property i invest in.  

Additionally, these investors can provide warnings about potential red flags, ensuring you hire reliable contractors and property managers.

Ensure the appraiser accounted for things like the square footage, recent improvements, location benefits, or other factors that impact value.

It might be worth double-checking that estimate to ensure it's accurate for the area.Other than that, your costs and estimates look solid, but I'd recommend re-running the numbers with these tweaks.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

That's huge.My 2 cents is to ensure you keep up with all business-related and property-related financials (aka bookkeeping).Bookkeeping for REI companies (especially rental property companies) is super nuanced.

Just keep communication tight with your loan officer, attorney, and board to ensure everything aligns with your closing schedule.