Ideal spend is $400-$650k.Is Southern California just a death trap for ROI and people get rich here with appreciation only?

A basement to live in it, needs a different type of egress and windows to be able to be slept in.

I'm also guilty of adding to the wishlist on Zillow😅What type of residencies and where?

I've had no experience with them, but it seems most of these types of virtual PM companies, from what I've heard and read, are just a means for you to be hands off.

The reason is the sponsoray have taken 100% depreciation or accelerated depreciation and they may have to be given backThis is the double whammy of these types of deals.

Ideally, I’d like to buy it, and fix/update both sides at the same time for ease on my end.

Of course, there's a counter arguement to my point here, just don't want to type it all out, ha!

The key is knowing what type of traveler is looking for the type of property you're offering in the location you're in.

I am not corporate type. 

My client's plan was to live in the property for a year and then refinance, however I explained that you'll only be able to refinance to another loan type if you have enough equity (20-25%).