Unfortunately, one of the Airbnb guests committed suicide in the ADU, and under CA law, the owner has to disclose the event for at least 5 years.The property is currently sitting on the market, listed at 1.5 million, and should sell for 1.7 million if there wasn't a death on the property.

So tenants that don';t work out can be stuck in a room for 2 months while the slow eviction process works through.   

Real estate is hard and needs commitment, but it's one of the most interesting alternative investment.Legal: it depends on what you need. 

@CJ T.

If you are young and have not collected kids, dogs, and commitments, I'd suggest putting your head down, delaying gratification, working your a$$ off (get a second job, drive for uber, deliver pizzas, buy a pressure washer and knock on doors asking to pressure wash driveways, etc.), living off of next to nothing, and looking up in 12 months to re-evaluate.

Again, a CPA can confirm this or tell you I am full of sh*t.  

HI Michael, you can do STR/MTR/LTR but it depends the location and time that you are willing to commit in terms of managing.

I am pretty confident that we can get a good group together for this.While my schedule is very crazy, I would have no problem committing to at least one chat a week to help it grow.

Spend time analyzing your market and be very confident in your numbers before committing to starting this new venture. 

All in total it took around 110 days or 3 months and 19 days from the initial commitment to signing.