Amazing time and will DEFINITELY be planning to get to Cancun next year.Looking for the best way to get started.

You need a house checker to flag any big problems and to plan your spending.

We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.Here are our current options: 1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20% 2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CAWe found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent. 

Tenant is leaning toward a payment plan, but if he doesn't commit to a figure by the end of the week then the lawyer takes over. 

Definitely an area I want to spend more time educating myself on.

I have decent W2 income and I plan to continue working for at least 5-10 years.

My land is also buildable and I have plans from an architect for a 3 bd/2 ba home which would cost 300k to build (it's in CA) and is in an excellent STR location...but I'd need a construction loan to build it.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

We just see over and over that folks in the forums in CA or other HCOL areas buy a random property in OH or AL or KS, hit a capex expense or two, and wonder where their "cash flow" went.If you are truly in it for the long term, spend some time in the market in person first - don't pick the first property on Zillow that looks nice and buy it.  

If I can go with this plan.