I don't know if the property was originally built as a 2 bedroom and somewhere along the lines another bedroom was added but not recorded for whatever reason.I had to file revised plans for my own property when I found it was not in accordance with county records and the changes would have to be approved.

The consensus seems to be that the Fed will drop rates by 1% by year end, which could allow you to refi in the near future, but there are costs involved in doing so.

One of my favorite building tour stories involved a New Western assignment.

Some points I would be considering:1) The interior painting looks a little low for all the work involved.2) The roof looks like it will need some new sheeting in spots, at least as I can see staining on the ceilings from roof leaks.

This usually involves going to dinner once or twice and visiting their properties if they happen to have something in progress.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

.)- We file our taxes as joint / married- Her tax deduction benefits from qualifying as a real estate professional from the STR can offset my W2 income. - She can use REPSTRACKER for thisI then of course have a plethora of other questions in terms of book keeping (tracking all purchases etc...) but I will save those for another time unless someone has the best offline resources I can start to learn from? 

For the level of risk involved investors want 20% annual return.  

Hi all, I have been interested in getting involved in real estate investing for quite some time, and I am just now feeling brave enough to start actually taking action!

Key considerations include involvement, cash flow vs. appreciation, and financing options.