Got this note from VRBO today:Dear Partner, We are writing to inform you that effective July 1, 2024, California Assembly Bill 537 will prohibit advertising, displaying or offering a rate that does not include all fees or charges required to stay at a short-term lodging (except taxes and fees imposed by a government on the stay).

Assemble a team that is familiar and works in the market you want to be in and you stand to learn a lot!

Obviously a higher down payment will always help properties cash flow since your payment will be lower, but I did want to explain the options available when you actually live in one of the units.Definitely assemble a team that works in the areas you want to invest in and you stand to learn a whole lot - I hope this helps!

@Guertone Sutton, how far along is your team assembled (agent, wholesaler, contractor, lender, closing attorney)?

Before seeking out a lender, it's crucial to assemble the rest of your team.

@Zach Knoll I sure hope you didn't pay for one of those syndication mastermind courses that sells you on the belief you can assemble all of the components and educate a bunch of random's on how to empty their IRA account to fund your deals.

As you've already seen, BiggerPockets is a great way to network with other investors and gain knowledge from industry professionals.Assemble Your Team: Assemble a group of experts, such as real estate brokers, bankers, contractors, property managers, and attorneys, to assist you with the investing process.

I used to work at bear and half the guys on the assembly line.

I've also started to assemble a potential team based in the Beaufort area, including attorneys, property inspectors, and an accountant.

Seek out distressed houses that are better off with minor cosmetic updates than major structural repairs.Form a Team: Assemble a group of experts to assist you in navigating the house flipping process, such as bankers, contractors, real estate brokers, and inspectors.