*This post is informational only and is not to be relied upon.

I hear all the time from people who want to be RE investors, but they don't have money, have bad credit, and don't have the patience to learn a little. 

The information contained in this post is not to be relied upon.

If you only have one member and that member is you, your not really protected from a suit.

And every family member is different, including among siblings, believe me, I have ten brothers and sister,  and we all have different habits in cleanliness and standards in life.

I don't plan on building an "empire" and will not be relying on this income whatsoever.

This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”I am wondering if this counts as official Notice of Exemptions in Los Angeles county. 

Your monthly escrow contribution should be re-evaluated by the lender every year, and adjusted upward or downward (depending, of course).

I've also been entertaining the thought of getting my Jersey license as well, as a family member is thinking of buying a rental property at the shore.  

If you haven't already, you should connect with a commercial insurance broker as they will have options for you.One of my team member is in Augusta and knows the STR market well.