If the latter, no rental history for DSCR.If the former, it would really be hard to find a good deal on an active, successful STR.My 2 cents,Mike

You can also visit some local investor groups to see what their experiences are like for finding tenants as their advice will be more tailored to your market.

I’d be very grateful for any advice or recommendations on how best to approach these modifications.Also if I were to refinance in the future to pull out cash from the property, is this something that banks could refuse to lend on if I have code violations of lets say a wall that was moved or removed?

If you're starting out or already have a few deals under your belt, you'll find this community super helpful in refining your strategy.

CA may be low in cash flow. 

In the world of commercial real estate, especially for those of us involved in wholesaling, hard money lending, and larger commercial transactions, finding truly qualified leads can be one of the toughest parts of the job.Unlike traditional real estate, commercial deals require a more complex understanding of financing, deal structure, and the unique needs of clients—many of whom are investors looking for specific ROI targets.

This can include coordinating around tax strategies, estate planning, and cash flow management—all while considering your real estate portfolio as part of your larger financial picture.

How did you find this deal and how did you negotiate it?

So far I have gotten the quarterly cash flow as expected, the fund value is kind of plateau'd in 2024 so have not seen major gains or loses in the fund.

This makes houses an excellent hedge against inflation because houses generally hold their value over time, can cash flow, and often provide tax advantages.