Collecting rent rolls, walking properties, learning who's doing the best in our sector/niche and how they're doing it, finding partners, all of these things I'm fairly good at, as I've been doing this for my recruiting agency for the past 3 years.

STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

it is illegal to offer Less than fair market value of any property in the fire area that is less than what the value was as of Jan. 6 2025. 

Be careful not to violate any Fair Housing laws during this process.

I know this is above and beyond what most municipalities require, but being fair will make the whole process easier.Additionally, a new landlord can reduce the 60-90-day notice by offering more moving assistance (cash and/or labor) if they move sooner rather than later.

What would be the best ways to familiarize myself with construction process, while still maintaining my W-2 job? 

The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital.

At worst, fair chance of some quality mentors. 

I’m not the biggest fish in the sea but I’m doing it fairly well with 8 buildings and 31 units.

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.