TECHNICALLY, this falls within the long-term laws because there are only 2 categories - long-term or short-term.

Seems like you should not have to but showing they broke house rules leading to damage may help. 

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

A realtor who understands the numbers can help analyze the property’s projected cash flow and ROI, plus they might know local leads from probate attorneys or even “drive for dollars” efforts that can reveal off market gems.

My current brokerage does not help generate any leads or anything like that.

i am thinking in setting up an Air AI, for called calling leads and lead generation. was wondering if someone has been using it here and have any feedbacks?