------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

These requirements will apply even if you do not have a formal written lease agreement. 

I ultimately obtained a variance to build 12 townhomes and 18 condos reliant on my hardship case and by agreeing to take responsibility for replacing the retaining wall in a re-designed terrace approach that stepped the wall back from the most immediate neighbors which was a rounding error once applied to the overall project budget.

Note that there are restrictions that apply to STRs in Ojai and the Ojai Valley.  

There's a few GC contracting coaches out there that likely have a few tips that would apply to how you want to see this ran.

I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the reh...

That's when it hit me.I believe that even though none of the properties these tenants were living in took damage from the storms, they applied for FEMA assistance anyway.

I also plan on applying my net rental income towards principal only payments to shorten the life of the loan.

Bids are applied in $100 increments.  

Quote from @Sidra Amir: If the boat was there when the tenant applied, or it was at least disclosed to them that it would be there, then there's nothing you need to do.