The license doesn't cost more, the service and quality does.And a note on that cost, in my experience hiring contractors, only a small percentage of the cost savings was due to finding the right guy who is willing to work for less.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Many of my clients are high W2 earners who are taking advantage of the "STR loophole." 

With a 4-unit building, that’s a very high customer concentration.

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

Hello Everyone,I am currently in the market for a knowledgeable and proactive real estate agent in Florida to assist with sourcing high-potential Fix-and-Flip opportunities.

We own 3 other rental properties that have a 6.5%-7.5% APR, and no credit card debt or any other high interest debt to pay off.

1 of my kids went to prospect high.

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years.