For sure you need a lender who understands them VERY well - try connecting with @Jose Valdovinos who is here in Chicago, but lends across the country!

Drive around the neighborhoods to understand the lay of the land - if you have someone who will take you around and explain, better yet. 

I'd have to see your overall layouts but I think you are on the right track. we build 3 story stacked triplexes and it's very efficient so don't be afraid to go up either. anytime you build more than 1 structure costs are much higher but if its just to offset mortgage and you want to be separate then I understand. 

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Whether you’re an experienced investor or just starting, understanding the dynamics of JVs can help you grow your portfolio and achieve your financial goals.1.

Having a difficult time understanding the in's and out's of SELLING a property to a son/daughter. 

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

Also your perspective are you an agent, pm or investor.For example in Cleveland the east side has tons of A communities by income standards but the turn times of how long a property sits on the market is atrocious.

I am using a standard state of Texas lease, which points to an addendum for pets.