I had seen rates as low as 15%.Just be warned that as any traditional rental property can quickly become a full time job, AirBnb management can become so much more time consuming...

I would do all of this before you buy anything.Also, your initial short term plan, as described, will probably the most expensive, most time consuming, and longest to complete potential plan you can choose....and, don't do your own rehab. 

We know this is a lofty goal, but by taking baby steps and calculated risks, we believe we can at least build a business from this, allowing us to leave our life-consuming day jobs. 

Showing is time consuming so we save that for much later.We ask how may animals, how many people, employer, income, where do you live now etc.

I have a couple connections in San Diego, however, I'd prefer to invest outside of California in a city that has shown an increase in population growth over the past couple years and also leans on the landlord friendly side.I understand how difficult the process will be when investing from afar, however, I recognize that there are fewer differences between investing in say, Arkansas, from California, than investing in the same home from China.

It wound up being a lot more complicated, expensive and time-consuming than I expected but it's finally done.

If it is demonstrable you contracted in bad faith, the contract itself would be void.If the contract clearly indicates you really have no intention of purchasing the property, you could be seen as acting as an unlicensed agent ... particularly if you establish a pattern of such transactions.Traditionally, in business, a wholesaler acquires a good, then resells it to the retailer - who in-turn sells to the consumer.  

You'll stay current by actually doing work in the real estate space and you won't need any additional magazines or websites to keep you "alert" - a lot of the stuff online is just mist and useless noise.If however, you want to consume that kind of content for personal reasons/pleasure, that's an entirely different story.I think focusing on your market and doing what needs to be done every single day, consistently, will keep you more than up-to-date with things going on in real estate.

I've consumed maybe too much podcasts/blogs in the last week or so but it's always about landing the first deal and then it's supposed to get easier from there.

Types of housing excluded from the FHA include:Owner-occupied buildings with four or fewer units.