Does anyone have stories of positive experiences or advice on how to locate trustworthy guides?

The prime location is a standout feature, with restaurants, shops, galleries, and coffee shops, all within walking distance.

Have you chosen a location?  

My desk location is Seattle, WA. 

If you want to protect your friend's capital as if it were your own, you'd want to:1) Secure the loan with real estate in the form of a deed of trust or mortgage (depending on the state the property is in)2) Obtain property insurance binder with your lender as an additional insured3) Obtain a lender's title insurance policy protecting them (different than an owner's policy) and transfer all funds through an escrow closer or real estate attorney (depending on the state, the requirements for closing may differ)4) Use a real estate attorney who also practices private lender law in the state the property is located in.

My initial thoughts on strategy is to buy and hold and ultimately build equity.In looking locally, Oceanside seems like a more "reasonably" priced coastal location compared to some other San Diego areas.

Rule 1 - location location location

In interviewing a recent landlord, I learn the applicant trashed a prior home recently. 

The plumbing line is the only thing I didn’t service prior to lease start, only because there were no noticeable issues while preparing the building.

You forgot to put your location or the property’s location in your post or your profile.