You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

Then I give an estimate of my certainty for each item and use that to calculate high and low values.

I spoke to someone else! 

If you want to do STR, you want to get as close to the PATH or light rail as possible.

I’m about to close my first deal and am eager to network with other investors, agents, wholesalers, lenders, and cool folks as I continue my journey. sup

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Quote from @Sofia De Santos Tavarez: Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants.

Those apartment complexes usually have an in-office leasing staff and don't use a Realtor.When I'm trying to price an apartment, I'll go to MLS first and pull those comps.

They will likely have interest when you want to transfer ownership of the property to the new LLC.

This appears to be another article designed to capture eyeballs by creating controversy.