The rehab took 5 months and I did 90% of the work myself, saving $30k but losing a lot of time.

Their layouts can be not appealing at times.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

Time. 

He seemed like a big-time agent who works with a lot of long-term investors.

Have asked a question or 2 on here but have disappeared a few times. 2024 was a busy year for me.

They work well in areas with steady rental demand like suburban neighborhoods or cities with strong job markets​​.Considerations: Your property management needs will be lower, but rents may rise more slowly over time compared to short-term options.Short-Term Rentals: High Risk, High RewardAdvantages: Short-term rentals can generate significantly higher nightly rates, especially in vacation destinations.

I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

The longer you are able to hold your property, the more time appreciation will have to do its magic.

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.