What strategy are you going after and what are your long term goals?

Tax treatment on short term stuff is an issue. 

In terms of new construction, a couple things to be aware of in San Luis Obispo County are water shortage issues and development fees/taxes which can significantly increase the building costs.SLO city and the neighboring cities are particularly diligent on their water usage, as most of the county's water supply comes from three surface water reservoirs and a groundwater basin.

I have begun reading David Greene's Long-Term Real Estate Investing to ensure I do this properly.What types of data should I be looking at before choosing a market for mid-term rentals?

Long/medium/short term rental?

So transferring properties with existing mortgages into an LLC without selling them to the LLC is a common strategy for most real estate investors seeking to protect personal assets and possibly enjoy certain tax benefits.

Be careful if the actual contract has any terms about assignment or allows their private access to the home before closing, as many "cash" buyers out there try to tie up your house for a low figure, then sell it higher to someone else before they decide to close it with you. 

What do I need to do in terms of remodeling and permits?

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Hi Bigger Pockets community, wanted to learn more about short term real estate investments, and house flipping from a local in the Seattle area.