AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation and (2) the owner provides the tenant with a written notice of the exemption"The part that is confusing is "...a corporation, or a limited liability company in which at least one member is a corporation."

A few common items such as:1.

A good network will help you fine-tune your approach and avoid common pitfalls.Hope this gives you a solid foundation to get started!

This is made possible by them setting up a Tenants In Common (TIC) structure.Has anyone done this before?

Acting like a broker dealer is scarily common.

It was common to buy land for 10-20% of what it had been selling for just a year prior, sometimes even less.

A very specific and common mistake that AirDNA makes is that many STR operators don't allow back to back bookings so for each real booking it will include a day on either end of the booking which it includes in it's revenue determination.I believe Cliff on his experience with overly optimistic projections. 

Funny because I was coming down from checking on a listing in the mountains yesterday and noticed a big RV that has been parked at one of the neighbors lots for a few months with people obviously camping there, and I thought of this thread.

Which in NY means like 3 months of notices and then a court case and an additional two weeks past that even if you win. 

@Mitchell PetroskyHere is a structured approach to house hacking, including getting pre-approved for a loan, identifying an ideal investment property, building a trusted team, researching and making offers, managing the property effectively, and overcoming common challenges.