Thanks for the response. 

I appreciate the responses from both of you guys.

The agent either doesn't know or isn't allowed to say because of fiduciary responsibility.

You can also check their reviews online at Google, Facebook, or Yelp.

It's more like any other long term holding strategy, with less out of pocket costs, quicker financing of the RE purchase and less responsibilities than a landlord has.

"Phase I included 388 responses with over 1,200 comments and suggestions while Phase II included 141 responses and several hundred more comments and suggestions.

As usual in most responses in this forum you are getting conflicting information. 

See responses to your questions below: Correct, California is uniqueTo qualify for REPS you need to meet a number of criteria, including (but STRs that meet IRS criteria generally don't need REPS to leverage tax benefits): More than 50 percent of his/her time working in real property businesses; AND, More than 750 hours of service during the year.

I would also explain that if it happens again that they may be responsible for some or all of the cost.

Thanks for the response Patricia!