In my case I was lucky that I still kept half of my portfolio, so didn’t get out of the RE game altogether.

If they cannot afford it then talk to the bank about a short sale or let it go to foreclosure.

Duplex was not appraised for the amount that the realtor presented. 3 different appraisal short (needed $50k for HELOC) so now I am unable to cash out refi.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

Cost to build an ADU are high, however, so it may not pencil out in the short-term.

If you do have to lawyer up, make it clear you’re playing the long game.

Most are short term a year or 18 months. 

Ideal if you're short on cash upfront, but be prepared for higher monthly payments.Conventional Loan: @Chris Seveney and I agree conventional is your better option.  

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

For me, I’ve been testing a few different methods recently, but I’m always looking for new ideas to take my wholesaling game to the next level.