A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Ya, just from a quick pull in AirDNA, the Conway market has 1700 active STRs so that's promising.

.#1 I would call the city rentals department directly and ask if the seller's license will remain active until the day yours becomes active.

That way you know they are active in the BP community!

Does the California government believe that wholesaler activity around the fires would only produce a net-negative?

As I continue to gain more knowledge, I am intrigued by the opportunities that real estate investing can afford while on active duty. 

However, my under writing due to the recent rate hikes shows large cash negative after a high LTV refi to extract the equity so I am not currently actively pursuing BRRRRS and I find this is true for many of the local investors that were doing brrrrs a few years ago.  

My family has been active in the Las Vegas real estate market since 1989 working mainly in single family rentals. 

It’s a great way to connect with investors and professionals in the Phoenix market who are active in residential deals.Looking forward to seeing how your journey progresses—feel free to share updates or ask questions as you dive deeper into the residential side!

That’s something I’m actively exploring—whether it’s through direct-to-seller marketing, networking with local wholesalers, or even tapping into connections through my brother-in-law, who works with builders and contractors in the area.I’m not expecting slam-dunk deals or easy wins, but the numbers on a few potential projects I’ve run so far seem to work under the assumption that I’ll leave some cash in the deals.