Some great info can be found on the PropertyInvesting.com.au forum and Somsersoft.comI use to be quite active on these forums before I moved to the US.

These expenses can create a paper loss, which may offset other passive income or carry forward to future years.If you qualify for Real Estate Professional Status (REPS) or actively manage a Short-Term Rental (STR), the losses can be applied against your active W-2 or business income, reducing your overall tax liability.

I am pretty active in the STR space in northen Utah.

The property's income ($3000/month) and the appraisal value ($220k) are both crucial.

It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

Actively manage your business.

Hi,I am active real estate investor.

A lease will not guarantee that your tenant will pay rent.The more active and proactive you are, the better everything will go. 

For Livermore, the activity is slower compared to the general Bay Area so you would need to be more cautious on picking the right property to flip, and the margin has to be large enough for it to make sense.