One big tip I would have no matter your strategy is to get multiple opinions on things.

Next to what @Mike Lambert is saying, you could try investing in strategies that bring higher yields such as room rentals or use the mid-term temporada contracts so you also avoid the rental caps.By the way, as an investor you would most likely want to avoid the premium zones because you know that the yields are lower there.

What's your price range and preferred strategy?

I can give you an insight on which market in Ohio would fit your investment strategy.

It's designed to prevent taxpayers from deducting passive losses against non-passive income, which often leads to situations like you've described.Your concern about potential double taxation on the $2,000 net income is valid.

I'm considering a pay-per-click strategy to drive traffic to a web form for homeowners who are interested in selling quickly and as-is.

While I have some liquid cash on hand to kickstart my journey, I'm keen on optimizing my resources.Initially, my strategy revolves around engaging in fix-and-flip projects to generate capital, with the goal of transitioning into mid-term rentals.

I told them that the bathrooms were designed as they are and will remain that way. 

The popularity of many respondents on BP are more of a qualifying measure than any professional designation or degree of real experience.

Hi Enos, It sounds like you're off to a great start with your house-hacking strategy in California!