I have an STR and previously did not allow pets on our property out of fear that they would destroy it. 

But in general, your biggest risks are not necessarily what's the maximum rent you can get, but can you find a reliable tenant that will always pay and pay on-time.

I have eyes on a property that I could get at about 120-130k after speaking with agent.

If the answer is yes, then it's a no brainer to make minimum payments on your 2.8% interest rate mortgage, and use the funds that you would have paid extra to pay it down faster, to either invest in more real estate, the market, or anywhere else where you can get a ROI > 2.8%.If the answer is no, then feel free to aggressively pay it down as fast as possible, to become debt-free faster, and just have a large amount of money in savings or to splurge with.The bottom line is that your 2.8% mortgage is GOOD debt.

Welcome to the world of real estate investing, and congratulations on taking the first steps toward learning about this exciting space!

Sewer line backup, ordinance & law, and replacement cost coverage are coverages I include. 

.: Hello all,I’m looking for some advice on a real estate decision.

Definitely open an LLC if you haven’t done so already and once you have a couple under your belt, you will have lenders lining up for your business.

Good luck  I cant see why anyone would want to try to wholesale in these markets one its illegal without a RE license in CA just read the regs.. second you do all this work and nothing closes because you cant get deals good enough..

In the buyer line we would always write "*entity name* and/or assignees".