@Ardin CychoszThis is where each party should get an attorneyA buyer and seller who both have no education or experience probably is not going to end well and you cannot have someone representing both of you.Get an attorney and if you cannot afford one then you should reconsider whether you can afford a home.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

My parents have been very involved in the purchasing process- touring the property with me, etc.

You'll often see variations in minimum night stays, use of 3rd party management companies, and general attitude toward STRs.

Communication is SEVERELY lacking from all the agents involved plus the brokerage.Finally, I just drive to the sellers house in person and knock on the door.

Long term rentals are unattractive in CA imo especially since you can earn a lot more with different rental strategies even doing mid term rentals will still probably be more profitable than doing a long term rental.As far as hiring a contractor or bringing in subs for each item that will come down to how much you want to be involved, you'll save money finding and subbing out individual jobs but it will take you longer and you will need to manage everyone you hire and contract to do business with whereas a contractor will manage all that for you but there will be a premium put onto the price obviously for that. 

Get yourself in front of it first, you also completely ignored any risk factors(for reserves).And trust me, as someone who bought 40 + in one year, there's a ton more work and a ton, ton more capital involved.

With my background in law, currently studying in Indonesia, and my experience as a real estate agent, I’ve seen firsthand the opportunities and legal considerations involved in such investments.

Business debt involves cash flow and trying to get the best ROI, cash on cash return possible.

Hi Rob, Sorry I am late to the party but here are my two cents.