Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

So excited we found tenants, we took our realtors word for it and didn’t properly vet our new tenants.

In general, what sources and heuristics do you use to determine if an area can support new construction in general, and in specific in GNO?

Place these footings strategically after you have jacked the house up to proper level.

To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws. 

Our main goal is to ensure we’re properly protected.Additionally, should we allow pets in our STR?

In the past, I've found both to be good sources of information for market insight and referrals. 

The thing I'm trying to figure out is how to properly qualify as a RE Prof. 

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.

@Marc Robinson what's the lot rent, who pays what utilities and what's the source of the water and sewer?