I have looked away from condos because many of theses condos HOA fees are exorbitant, not to mention HOA rules and regulations when it comes to renting. 

Now you'll probably here a number of naysayers tell you that" according to federal regulation such and such with the Dodd Frank Law blah blah blah you can't get a mortgage loan for under 60K." 

  ( have numerous properties in stockton, not just Brookside).  

No they won't mind because you're paying them a fee for their services up front.But.....you'd better check your local regulations first before you think you're going to do the work yourself.

I see people having numerous STRs but I can't get 1 so something I'm not understanding. 

Numerous costs are associated with real estate transactions, so it's critical to have a clear picture of your financial status.Due to the constant nature of the real estate sector, it is imperative to remain up to date on new tactics, market trends, and industry developments.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

So far a nationwide funding search targeting traditional national, regional & community banks; SBA lenders; & hard money sources has been unsuccessful for numerous reasons - not the least of which is their objection to financing or investing in our type of business. 

Most city/county regulations want no less than 1 million in liability, so we require that for any clients.