As a frequent Airbnb user, I personally wouldn’t choose a place just because an influencer recommended it.If you’re compensating in perks, that might work, but if I were in your shoes, I wouldn’t spend my hard-earned money that way.

I love that MTR turnover is not as frequent as short term rentals and there is usually higher opportunity to cash flow each month, although there are added expenses such as utilities, lawn or hoa fees etc., to account for.

@Nupur Daruka - trying to put stated funded tenants into an HOA property is frequently a recipe for disaster.  

This is two years late but I happen to know quite a bit about this subject.

And also, since I am the borrower, am I correct in my understanding that I would be subject to a tax on cancellation of debt which would lower my total IRR.I saw many years ago (like in 2017) on BP that note investors were shooting for 10-12% IRR in a zero-interest rate environement. 

They have low interest loans which make buying their property subject to their existing mortgage a great exit strategy for these sellers. 

A hard money lender who does NOT require a "subject to" appraisal  (which is an appraisal done with your scope of work in hand, and the appraiser gives you the after repair value) is 100% NOT doing you a favor. at all.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

@Chris Seveney, but you forgot to mention that the email subject had 3 fire emojis, 3 dollar sign emojis and some arrows to make sure you see it.This reminds me of a the language the Mogul Club uses.  

Different portions of land and building might be subject to different tax rates or legal considerations.Calculating land and building values for tax purposes is a critical step toward maximizing your available tax deductions from depreciation.