Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

My goal is for the foundation of my company to be solid and to grow properly.

My company accepted a tenant with a horrific credit score because we heard her story.

If you are interested, I can give you some names of companies that can help.  

Ok Im officially deciding to go down the wholesaling route now I'm currently working for a company locally to wholesale. 

Thank you so much for your insights, I already have a company in mind but if things go south you may hear from me sooner than not.  

Companies like State Farm, Allstate, or Chubb often come up in conversations, but comparing quotes with independent brokers might give you the best value.Since you're in a general partnership, it”s critical to clearly define liability exposure.

To be honest, I´m in the Maintenance & Construction for corporate businesses for some US companies in Mexico and we do some Real Estate down here also, but it´s way much different than the US, so I have much to learn from a lot of people around here and as @Julio Gonzalez, I think this is pretty much the right pad and place to start and to break my fears to start all over again from scratchAlso, I´ld like to hear more from @Justin Brickman why he voted for his city, pros and cons, it will help to read from a local...As I said before, thank you all guys for taking the time to write in this post and share some experienceDo you plan to owner occupy. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

Can anyone recommend good companies to root cause  and implement solution to fix this issue?

Then I spoke to a company that does business lines of credit, based on personal FICO scores.