I’m thrilled to announce that I just closed on my first investment property within one week of joining the BP community!

I have always imagined getting to the point where I could hold/ run a small community of mountain cabin rentals or a guest house, something along those lines.Thanks,Chad  Yes I meant AirBnb and Mid-term rentals, rent by the room, glamping (although I probably wouldn't go that route), buying commercial RE and running a business (for me that would be a lot of work with a W2 job and buying property locally or leasing out a space is expensive here). 

The replacement property must be similar in that it is another rental property. 

A clean-out at the property line is the norm around here.

Freddie Mac only offers financing for single properties they do not offer 'Portfolio loans" meaning bundle them all into one loan.

That way I still have a primary residence and rental properties. 

To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

On Facebook marketplace you have to call it an apartment since they don't have a commercial option.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

@James SillsFrom my experience working with investors, transitioning from residential to commercial real estate (CRE) is an exciting and achievable goal with the right foundation.