I would describe it as one legislator's perspective, one with which I could agree or disagree, versus deeming it "California continues creating crazy laws", but I respect that each person expresses their interpretation and take on news items differently.What I love about our country is that there are many different places people can invest with different laws and structure and that we have the freedom to choose where to try to make our money and futures.

You are going to grow out of that condo quickly.3) What's the difference between having a two unit with tenants next door versus a condo where the unit next door is rented out?

I think the other issue besides DTI, my income 2 years ago was was down pulling my 2 year average down.There are bank statement programs specifically for self employed individuals that calculate your income based on cash flow from bank statements versus 1099s/tax returns/etc.

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@Evan O'Brien  1) yes you can  make a  one time payment for the mtg ins  versus  paying monthly ..this would  be  priced into  your loan  and this  would create the  fees/ rates to be  higher  2)  Most  programs  will not waive the MI for first time  buyers ....but  you might check with the smaller  - mid size  credit unions and banks in your area to  see if they can offer  a  special  program that  might allow this 

I also have the faux wood tile in another area of my home, which also looks good.I'm certainly a fan of making upgrades; however regarding rentals, I lean more towards what's cost-effective versus long term value, as, unfortunately renters do damage things. 

First of all, we don't really know from the photos how much of this may have been done by your tenant versus your handyman.

(your decision may be different if it's a D-class property that's impossible to find good tenants for, versus if it's an A-class property that will rent to highly qualified tenants the moment you list it).Other considerations: what type of Capex do you see on the horizon?

1.if I manage the STR myself versus managing company , Is buying arround the lake or in the city better in what way ?

Versus 0% Capital gain rate on a 20% Capital gain appreciation REI after 3 or 4 years.