My son has been living there the last 4 years and I have been watching the appreciation.There are also some chapters of National Real Estate Investors Association in the area so great for contractor recommendations, networking, etc.

I told my sons about this so that they know what to do in any emergency. 

I don’t feel this is a just reward for my plans to educate my grand children and to relieve the financial burdens of my sons.  

The story: My Grandparents (the trustor) made a trust and included their 4 sons as the beneficiaries of the trust.

I even read to him the sentence that says "Under Proposition 19, a child or children may keep the lower property tax base of the parent(s) ONLY if the property is the principal residence of the parent(s) and the child or children make it their principal residence within one year."

Snow removal was performed by my two sons ages 10 and 13.

I have a beautiful wife and son, and live in the beautiful southern California area.

Looking to buy a property in Gulf Shores, AL to turn into a STRWanted to see if anyone has had any luck on a property like this in Gulf Shores.Thx

I also maintained the new landscaping (watering and weeding) along with having my sons, 9 and 12, take care of snow removal throughout the entire holding time.

Not a realistic guideline anymore.Conventional financing is approaching DSCR and if you want to factor in hassle vs. no hassle, there is no comparison; DSCR vs Fannie is a no brainer; DSCR all day long.30 year amortization is widely available with rates in the 4's and 5's on a 30 year fixed amortization up to at least 8 units and sometimes 12.