The STR provides a much better return than the average return of our LTR's, but it requires considerably more effort and oversight.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

I’m simply providing some insights and opinions based on data I’ve collected. 

Bank Statements: Reviewing bank statements can provide additional evidence of consistent income and display how much cash they have in reserve. 

Then they use absolute garbage exterior wall sheathing, which provides zero stability and deteriorates over time.

I often provide a sheet of costs for certain cleaning/replacement items that will be assessed if they have to be dealt with at move out- Leave out that its making showing hard..... they dont care.

The "DealCheck" app that "BiggerPockets" provides is a wonderful help; it does all of the calculations for us. 

We are a direct lender and can provide funds for 6, 12, 18 or 24 month terms .

Many hard money lenders are hesitant to provide loans solely for land acquisition, and conventional loans have been somewhat limiting, especially for land deals.What is best strategies for raising private funds.

Hey Ray, I am providing spreadsheets from Stessa in an organized manner.