I was hoping to buy a place for my family to vacation as well as make money to cover expenses, looking at South Lake Tahoe, or Big Bear, but after running the numbers (thanks to the Rental Property Calculator) I can see that it's a long shot to make that work, especially from far away. 

An hour long commute can be quite a bear to do every day, but if you only have to be in the office one day a week, for example, it can be a very sensible tradeoff. 

I have other rentals to bear the weight if something happens that requires additional payment, and once the initial loans covered, $600.00 a month is in a much better range given the expenses.I have savings for the down payment, I am just trying to exercise more creative financing vs. putting my own money up front for this deal since that's what this channels about.

Either a short term rental (Palm Springs or Big Bear) or another primary residence in LA.

Any plating of metals or cleaning materials tend to corrode plumbing drains and leak into soil.

—In all criminal cases, contempt cases, and other cases filed pursuant to this chapter, if a party has sold, leased, or let real estate, the title to which was not in the party when it was offered for sale, lease, or letting, or such party has maintained an office bearing signs that real estate is for sale, lease, or rental thereat, or has advertised real estate for sale, lease, or rental, generally, or describing property, the title to which was not in such party at the time, it shall be a presumption that such party was acting or attempting to act as a real estate broker, and the burden of proof shall be upon him or her to show that he or she was not acting or attempting to act as a broker or sales associate.

Hi All, New member here, my name's Jake, and I live in a single-family with my wife and 6-month-old daughter, and our dog named Bear (30-year mortgage).

In my opinion 1% is the bear minimum, but of course anything above will mitigate risk.

Good morning BP Family,I have been blessed enough to have a property paid off and a few others with considerable equity. However I am looking at the net worth on paper and would much rather see that in my pocket or be...

Tree fell on cabin, Bear broke into car, Most recent drunk resort guests broke into our guests cabin by mistake!