I have wanted to start investing in real estate for a while now and I have recently taken the next step by educating myself on the process I plan to purchase my first rental within the coming year.

Realize you are likely going to use CA Fair Plan (due to fire risk) and that is not cheap.  

It’s also a great way to leverage your investment for future projects.If you’re planning to continue with more BRRR projects, consider refining your vendor selection process to increase efficiency and cost control, and ensure your financing is set up to maximize your next deals.If you need any advice on financing strategies for future deals or optimizing STR income, I’d be happy to help!

Hi,My husband and I are planning on turning the proceeds from the sale of our vacation rental into a commercial real estate deal.

We have several who have called us and usually are glad to help (avoid meal times and be aware of their timezones).

I always avoid protection plans and warranties.

A good CPA will provide greater value in advisory and tax savings through proactive tax planning than the fees they charge.

Planning to BRRR and still in the beginning stages - will keep DSCRs in mind.  

They've mandated its demolition but have allowed me to build an even larger addition (500 sq ft).The city is requesting building plans for this new addition.

That's because having a license was an idea, not a plan.