My experience in Philly is that the exact law is not relevant and if you ever ended up in court a judge will find you at fault for not spending the $175 to ensure the safety of a child.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California would cost you a minimum tax of $800 every year.

The estimated NOI and cap rate value the property at around $750k.Are there any other creative financing strategies that I could employ to acquire this property? 

This is the bank I worked for, and we were constantly kicking contractors off the program for not ensuring the people creating the loan were actually authorized to do so.I'd say it can be a good investment if it's something that your market can support, but in general think of it like a pool.

Awesome, insightful look into further creative ways to start Airbnb projects.I am currently looking to do rent arbitrage in the LA market specifically starting around the Universal City area which is prime time for Airbnb.

Originally posted by @Russell Brazil:It is a bad time, and tomorrow will be worse, and the day after that worse, next year even worse, year after that will be even worse.You are getting creative with your answer...101 ways to answer this repeat question.

The investors I work for use some creative methods to acquire properties.

Would they ever check to ensure that you are still residing at the property?

If the applicant lived in a SFH and it is owner managed (and you don't know the owner's name), now you have to be a little more creative.

This ensured he got his price and the interest was the icing on the cake.