We did not choose lender insurance on the purchase agreement (our agent misguided us so we thought we did, but just realized we did not).

Remain disciplined and patient, taking your time to choose the correct offers, carrying out extensive research, and refraining from hurriedly making investments out of desperation.

Over the years it has been up to the city and county to pass ordinances if they choose to regulate vacation rentals.

There may be some reasons why it's not and only a CPA, EA or Tax Attorney that understands your full picture will be able to offer good advice on that.The Mgmt company will be it's own complete and separate entity with no ownership over any of the other LLCs.You may choose to have an umbrella LLC over the LLCs that own the property, but that's not really necessary.Set up your bookkeeping for the mgmt company. 

Choose the market where you can make the most money in your profession.

Reality is few markets have out performed San Diego in residential ROI and no one should be choosing a different market based on historical ROI.  

Many investors from California, are choosing to invest in the midwest because of the yearly returns making more sense in these lower priced markets.

We sign with a local broker, and negotiate a smaller commission.Do you have any recommendations for which option to choose?

@Hemanth Grandhige-  thanks  1) consider looking at  choosing the new loan pricing option with zero or low loan fees   as  this will help  keep overall  costs lower plus  allow you to justify  refinancing these loans to lower rates  when and if rates  drop 2) consider refinancing the proeprty that you will get most  cash out of  first  and then follow with the others  later 3) make sure the lender options  allow you to have  6 financed properties when doing a rental loan

Do you have flexibility to prepay if you choose to refi or sell?