When those folks need to sell and discover their equity is long gone, it will make an impact on the market.

With my background in law, currently studying in Indonesia, and my experience as a real estate agent, I’ve seen firsthand the opportunities and legal considerations involved in such investments.

Glad you posted and made it easier to discover this guy.Please come to the Ivy in Buckhead on 10/30, to share this scary story. 

Bad preaching and greed has lead me to study this topic .

Carlsbad DOES allow short-term rentals in the "Coastal Zone," which is where my dad's place is.Mentor's HomeMariposa, CA80-acre lot2000 sq ft 2/2 home (with an extra study and large living room)Worth approx. $750kThis is more of an emotional project for me.

Although not required, spending a few hundred dollars can help you discover hidden repair issues.Contingency fundA mortgage lender typically requires you to have significant cash reserves before buying a residential rental property.

If major issues or concerns are discovered, provide detailed information to the seller and either negotiate a discounted price or consider walking away from the deal.Due diligence is the backbone of successful real estate transactions.

He talks about how you can purchase a rental property, manage it as a short term rental during the year you acquire it, do a cost segregation study, use those "losses" to significantly reduce your taxable income that year, and then turn the property into a long term rental in the following year. 

We love the community here as well and your points echo why we continue to invest here.We just recently discovered Mahomet and didn't know the avg. income was so high. 

In the meantime, I’d love some advice on what peoples suggestions are as to what they would recommend to study up on first.