Hello, I’m pretty familiar with the tax liens regulations here in Alabama but I wanted to brush up on quieting the title.

Establish your buy box and really get to know the territory in the specific area you are looking at and then trust, but VERIFY

It is not regulated compared to your traditional conventional /FHA loans.

If you have enough funds in an IRA the alternative would be to establish a self-directed IRA, and have the IRA buy the property subject to existing financing (if your sister is willing to do that), you personally can't assume the mortgage b/c you are not allowed to provide a personal guarantee for IRA-owned property and have the IRA pay your sister for the equity.

You might want to check out STR regulation below for Mount Shasta, CA first. https://www.codepublishing.com/CA/MtShasta/#!

Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.

He came back and said that discussing price discounts that he's established with vendors wasn't appropriate.  

If you want to take the time to learn the investment, deal with the hassle of the day to today, and keeping up with the regulations then go for it. 

If you look OOS establish a team and learn the area before diving into a deal. 

We need fewer regulations (or at least the correct ones) to incentivize housing construction and more up-zoning in appropriate areas to add density to existing lots.