Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

As an agent, you can also represent yourself and put your commission toward the down payment, further lowering your out of pocket costs.

@Brett SiegelWelcome to the community and be ready for a huge amount of information at your finger tips.

Take advantage of its valuable resources to further enhance your knowledge.Remember, the key to maximizing your experience is to be proactive, ask questions, and share your own experiences.

I would appreciate any tips or experience with any creative financing options!

Any guidance you can provide as we navigate this process would be incredibly valuable.Looking forward to connecting further!

I have a Youtube link in my profile with some tips and would be happy to have a call sometime to discuss your wants and needs out of an investment property.

Welcome to the community and be ready for a huge amount of information at your finger tips.

They're the ones working with those agencies on a regular basis and have the best referrals.As far as recovering the debt, try leveling with the tenant as much as possible so they grasp the seriousness of being sent to collections.

All of these would be out of state, likely in Tennesse, Georgia, Alabama, etc. where the money will go much further and landord rights are better than CA.