Short term rentals can be lucrative but come with higher variability and management needs.My Take:It might be beneficial to consider a mixed approach—drop the rent slightly under market value to secure a tenant and stabilize your cash flow, while simultaneously exploring the short term rental market.

Assuming a 15% average negotiated discount, the $607,143 would secure a diversified portfolio of 37.15 acres, or $16,343 per acre.Attached are some screenshots of the "tool" and a "pre-screen" polygon of areas that I have subjectively deemed promising.

Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.

Now, since as much as 7 out of 10 businesses fail these days; I am not sure how secure starting one's own business is either without a huge safety net.There's no guarantee that REI, self-employment or W2 workers will always be safe and sound.

Social Security number." 

It was clear from the video that this new law attempts to prevent wholesaling entirely, and Pickren feels that the interpretation of the law is sufficiently wide enough that any marketing for the assignment of a contract will fall of under the definition of this law. 

A wide variety of ways to structure an STR property.

I did get one off market by cold calling the owner and have used wholesalers and marketing to secure projects in the past.

Creating a positive rental experience in a college town where quality can vary widely is a great mission. 

(Q3)Security deposit is another area that I need clarifying on.