Financing the deal with private money was effective for quick acquisition and rehab, which added substantial value by making the property more desirable for tenants.The main lesson from this investment was the importance of careful property valuation.

Trust Your Gut—And Your Strategy:It sounds like both you and your wife are weighing your options carefully, which is great.

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

Please please be very careful at anyone you will be throwing more than about $200 at to learn from because most of these gurus are just frauds.

Interestingly only talked to a few health care workers  (physicians, pharmacists, RNs). 

I want to build a legacy for my family and have the ability to take care of my parents and in-laws in the future.

Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA? 

Double taxation could come from both ways if your not careful. 

I wouldn't recommend getting a loan for a down payment but if you do be careful cause your DSCR might not cashflow as well.Let me know if you want to discuss this any further or have any other questions.Best,Jackson

It’s a simpler process and ensures that some basic maintenance is taken care of without the complications of refunding deposits.