Plus the ability to move quickly to close the deal would be very helpful in the deal making process.

I do know San Diego is pretty strict against short term rentals so obviously look up what their regulations are.You mentioned a granny flat and splitting the house, so if you're going to be having some sort of shared walls it may be best to put that in your listing as I have seen some people get negative remarks by not mentioning that the house is shared with the owner or some other tenant.As well as lining up two to three excellent cleaning crews, the easiest way to ruin your profit is to start receiving negative reviews for cleanliness and or falsely advertising what your place really is.

In our contract she has agreed to allow me the ability to show off the property to potential homebuyers.

Then renewal fees every year can be a burden but again at this point in one's REI career, the cost is outweighed by the opportunity.For a simple breakdown, here are the pros and consPros: MLS access, not reliant on someone else to see the MLS or to literally go view the property, ability to make money off of it, list your own deals..Cons: Fees (annual and upfront), continuing education of laws and regulation (i.e. time not spent on finding deals), always legally disclosing you're licensed, dealing with brokers taking a %Now, these aren't all the pros and cons but certainly some popular ones.

I am just concerned with the condition of my property after someone who does not have the ability to pay is booted out by the sheriff.

He also now has the ability to walk away from a full time job and not look back at all.

Irish law demands you have 36 months of pre-mortgage savings for a first time mortgage which must demonstrate an ability to save 125% of monthly repayments (For a 600 month mortgage, I must save 800 a month for 36 months).

I have the mindset that if I invest in myself I can make any program work because I believe in my ability.

I have great resources available to me, so at this point, I'd renovate as much as possible by myself, within my abilities of course.  

I live at home with my parents and would like to be moving out in the not so distant future, but I do enjoy my parents and the ability to save around 50% of my income every month.