There's a property that was previously an STR that would love to talk to you further about. 

I teach CE/CPE for several tax organizations at conferences and online so I talk to A LOT of tax professionals.

Who talked you into buying the Costa Mesa condo? 

I've talked with people who own hundreds, even THOUSANDS of these units and they all shared the same intuition.

There's talk of rolling back some of Dodd Frank with the new administration, so we'll see.

At the end of the day, money talks so don't be dissuaded by age or lack of experience.

Ok, yes that's a bit cheeky but seriously, your talking about some very important, regulatory/law stuff, if your not willing to do the most simple basic actions of simply googling the laws, and reading through the statutes, I am sorry but than my time and effort has not been earned to help guide. 

Also, I think you need to have an accredited investor status before you can invest, so that may explain why you don't have as many people talking about it.

The property listed for 200k, so we talked them down to 190k and they are covering 2k of down payment.

If you have the inspection report, talk to your agent and go through it.