No.

I had no idea they would decline me for MY OWN MONEY technically.   

[For clarity, there is no judgment here.

No matter where you settle upon, your idea to build really comes down to your goals.

Post pandemic, the secret is out and investors can no longer 'simply' operate a nightly vacation rental in most cities and regions.

Franklin Home Store and Vacasa are 2 local ones I found with a quick google search and I have no idea what they charge.If you want to consider the self-managing route, DM me and I can walk through the details.

I know there is of course no set rule out there but just curious on folk's experiences.Also curious to know folk's thoughts on what the CONSERVATIVE median $/sq ft for the Los Feliz / Silverlake area on LA is.Thanks all!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

While I started with arbitrage in 2016 I no longer find it to be a viable strategy, or at least it is finding a needle in a haystack.

Most will be happy to accept the check and deposit them for you.