This Millpond Ct property was an exciting opportunity due to its prime location in San Juan Capistrano, CA, and its untapped potential.

Hey Alexander, I manage over 100 STR properties and I'm a real estate broker in California.

The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

For example, I have a property that was announced as a grant funding development for 2025, along with the need to buy neighboring lots to clean up the land. 

If you live in the property for at least two years, you can sell it without paying ANY capital gains tax (unlike traditional flipping).We've done this a few times, but almost every time, we end up keeping the home as a rental.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Quote from @Nolan Ring: Today I reached out to 3 different lenders in Northern Idaho about FHA loans for small multifamily properties (2-4 units).

If I own the property, I don't charge pet rent but charge a slightly higher pet fee. 

.: You might be able to raise extra capital to support this project by listing the property for fractional ownership on lofty.ai.

Well who the hell is on this "team" if there isn't a property manager?