Either way, your father-in-law’s position is protected.The investment property should be held in either a land trust with an LLC as the beneficiary, or directly under an LLC.

If you are saying you need a large cash infusion for other things, then selling (or leveraging 75% of the value) is probably the way to go. 

There were two section 8 tenants here as well, navigating those programs can be a great way to increase cashflow if you tenant screen properly.

My last rehab was projecting far better than a 2 to 1 return which was fortunate because we went way over budget (my worst over budget by far ever).

This community’s the best for brainstorming—glad you’re here!

Best of luck!

We added value by making a accent while in the living room, as well as refreshing all the furniture and decorations, painting the property, making a back door. back door out of the master bedroom because there was no way to get to the backyard without having to go through the side as well as some landscaping & new washer dryer.What was the outcome?

People often say it’s best for those with just a few listings, but I can vouch for its reliability even with over 85 listings.

Hey KJ, welcome to the BP Forums.Wishing you all the best on your journey.

CA is hard all the way around with real estate, but if you're willing to jump through the hoops, San Diego is a good place to have a STR in a CA city.