As far as property type, for flips I like middle sized houses, 3/2 around 1500/3000 sq ft but not married to that.

As far as "mid-term needs", did you have any specifically in mind? 

As far as getting it built, there are several questions that need to be answered first. 1.

@Glenn McCrorey  - that is so exciting!! 

Because there is so many novices who jump into STR without the skill, knowledge, ability to actually operate it and rapidly are bleeding-out.

What do your competitors do as far as amenities? 

Long Beach is so fringe oriented and prices are so high that it is pricing out the low income people out.

Recently, we created the first (as far as we are aware) residential assisted living focused fund and have successfully raised for multiple homes, giving our investors and us exposure to the cash flow, and equity upside that comes from owning the real estate and the business.

If you have a different strategy you might consider different places.Oh, this is so funny

Keep in mind that these homes are sold "as-is," so a thorough inspection is crucial to identify any potential issues that could affect your renovation budget and timeline.Special Requirements:Freddie Mac has a "First Look Initiative," which gives owner-occupant buyers an exclusive opportunity to purchase homes before investors can submit offers.