A tip is voluntary, so your tenant could agree up front, then refuse to pay.

Financing can also vary depending on whether it’s 2-4 units or 5+ units so keep that in mind as well.Having a strong team and lender familiar with multifamily deals is crucial.

Here is some info: SF STR FAQAssuming the info is up-to-date, it must be your permanent residence (you must live at the property for a minimum 275 days a year), you can rent unhosted a max of 90 nights a year, you need a business license, and you need to pay the city $925 for a STR certificate.

Even if you adjust it over time, the effort spent upfront will pay dividends as you build momentum and make informed decisions in this field.

Then they didn't pay them and the  bad credit goes to someone else! 

For example, I have a tenant portal where they can pay rent or submit maintenance requests.

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

If you rent it for 2 years and then sell it, you shouldn't need to pay taxes on the capital gains.

Looking forward to meeting like minded Real Estate Investors

Who did you end up using for your project, if you don’t mind me asking?