Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Most of the STRs out here in Hawaii are sold turnkey, so already furnished and decorated, many with lots of future bookings. 

But make sure to check out the BP book store here also.

As Andrew mentioned, you will have to be very price competitive to get January and February bookings.

But, I also think the access to information today: all the books, these forums, conferences, gurus on social media...  

After that I would read every single book on fixing up properties that you can find, and how to find off market properties and then start implementing those strategies.  

So any extra pointers or tips , books, would be great guys I would love to connect and build relationships!

Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000  guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds  I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé  and once he finished and the protégé  hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners  I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious  these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person  that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program

Good you are researching this topic - I also love subject tos and have written a book on the topic.  2. 

Whether you spend time networking, reading books, watching videos or connecting on bigger pockets or if you spend cash hiring a mentor, maybe partnering up with or doing free intern work for a real estate investor; whichever route you decide to go investing in yourself is one of the best investments you can make.