The second type of zone is one that is loosely regulated (legal now) but where a lot of the conversations regarding STR's are still being had and could change rapidly in the coming years.

We did find a RE attorney from the Grand Rapids area that has structured a handful of similar land-contract projects and he will take the lead with the paperwork. 

Expand your search to nearby neighborhoods, network with groups, and consider HOA fees, future appreciation, and rentability.

Thanks Drew,Definitely need to expand my network. 

After you have done a few deals locally, then you could look to expanding into more expensive markets.There are a bunch of classes and mastermind groups out there.

Hi Navid-To start, I am sorry to hear about your father's dementia.It is fortunate that you were able to sell his business and he invested in 6 investment properties in California 10-15 years ago and he and your mother are living on the cash flow from those.You now are thinking about expanding your father's investment real estate portfolio because California is so expensive to live for them but don't have the same experience and confidence being new to investing.This is an honorable goal and you are right to be cautious and thoughtful.You asked about whether you should cash out refinance each house or borrow against all houses to get downpayment for new properties.

When she went to the basement, she saw that the water was pouring very rapidly.

Its hard to make a clear point when you expand things further and add in other variables.  

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

I'm looking to invest my 1st RE property and expand to at least 15 in the coming future.