Selina We have had STRs in San Diego since 1999.  

Exactly if its a hot deal cash just means you beat out the next guy who needs financing does not mean deep discount .. at least in markets were RE is sought after.

Interested in learning more about the Sacramento market, feel free to DM me.Purchase Price: $882,250Rehab: $260,000Holding Costs: $60,000Appraised: $1,300,000Gross Rents: $6,800 Have 1.2 into the project and it only appraised at 1.3??

Go to AirBNB app and research which areas have the most listings, that usually means that its a HOT area and if you run it right you can succeed.  

I am a Broker and Property Manager in Sacramento and have a list of 4 properties that I just identified as potential investments for another investor.

Looks like you have a ton of experience and will be a good asset to this group! 

Be ready for a wealth of information at your finger tips.

Let me know if you have any questions!

Sounds like you need to have a relationship with a couple of good contractors, 40k for vinyl siding sounds high, what was the material cost.  

I’ve been on this platform since college, and whenever I have questions, I just post them here, and other investors are always willing to share their insights.