Sometimes even with referrals and trying to vet an operator they still fall flat when it comes to execution.

Let me share a recent experience from the fall of 2023 that proves this point.We had an off-market single-family property under contract in Massachusetts.

Ultimately the responsibility for complying with the contract that you signed falls to you.

But they certainly fall in the "who you know" category.  

It's easy to fall in love with a charming fixer-upper, only to realize you've bitten off more than you can chew.

I need to do research once I get settled somewhere (our other house was heavily damaged by trees falling on it) but thought I'd ask this forum in the meantime. 

As Michael Plaks mentioned, since you are just starting your rental arbitrage business, expenses like attending BPCon would likely fall under startup costs.

Since you can't escape CA LLC registration, if the property is based here, and if you are a resident here, may make sense just to form a CA LLC and simplify your life and your costs.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Klamath Falls - Recreational paradise with exceptional value. 

While the notice may fall on deaf ears at the syndicator, the law firm would very likely read and notify syndicator of notice of default.