This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

It’s great to hear you’re exploring out-of-state investing, especially given the high entry points in San Diego.

One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Much of the country is at high risk between fires, hurricanes, tornados, tidal waves, earth quakes, rising tides, etc.  

Private lending using retirement funds is my personal favorite (I've done a few dozen loans like this) for the following reasons: passive, low risk, and high returns.

I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process.

Also make them sign a lien waiver so they can not say I did not pay them.Set up an account with wherever materials are bought so I am charged directly and contractors dont stiff me like how they would if I gave them money directly to buy materials.Looking for a contractor who will not need a deposit to start as I am planning to pay in phases for labor but I have been thinking about just paying for everything once their all done (I am kind of paranoid about contractors lol)Hire two different inspectors to see if the house is actually good when done.Currently want to work on 2/3 br houses so I am trying to get flips done in 3 months.Prepare for unexpected costs.Selling the houseMaximum market exposure - MLS, zillow, etc.Get good realtor recommened by lawyer.Make sure the price makes sense and have a lot of high quality pics of the house around 50-75 pics.Make pontential buyer sign nonrefunable earnest money contract.Examine all offersWhat else am I missing or should I change? 

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need tooI'm Canadian so it a T4 up here and yes I'm I high earner who can handle vacancies if need be. 

If you rent in a high-crime area, I wouldn't suggest it.