It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Also look at LOCAL areas to invest in, and in what (single family homes, three-flats, etc.).

And unlike HOAs most are not going to flat out ban STRs, but rather try to collect taxes/fees from those that want to run them.

I just saw all my insurance policies come down for the first time (renewal last month) and my condo association is expecting a flat or decrease at renewal.  

A friend has a two-flat investment property, with both units currently rented out.

As a San Jose licensed property manager and investor, a 5% flat fee can be reasonable depending on the property. 

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

It varies from county to county on how they handle it and some give great exemptions or a flat reduction to value. 

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Growth is generally to the southwest into/towards Wolfforth and some to west towards Levelland (yes, it is named for how flat the area is).