Reassessment would be ... undesirable.There's also a bulletin posted on the DRE site (from 2016) that talks about this subject as it relates to short term rentals (but they cover all mgmt cases):http://www.dre.ca.gov/files/pdf/adv/LicenseeAlert2...The "power of attorney" thing has an ominous "don't use these provisions to circumvent the requirement" clause. 

Of course the downside to that is that you have to cover the mortgage out of pocket for the time it is on the market.

For financing, I have enough funds that I can pool from family partners to cover these costs.My goal is to flip the house, so that I can build the capital to flip more homes.

You need to set aside an amount to cover future major repair/replacement.  

Are there questions i need to be asking that i don't have covered?

Most investors here look to have the rent cover the mortgage and some.While the principal on the mortgage is not an expense, the interest, property taxes and insurance are deductible expenses.

I'll double check with our attorney or accountant, but does anyone know if a STR property, purchased under a residential mortgage as a second home, is covered by an LLC (should I choose to form one), from a liability stand point?

I also know that the boardwalk that is being rebuilt and extended to gardners basin will have security cameras covering the boardwalk and the streets leading to it.

Put the minimal down, and find properties where the income from rents would cover mortgage and other expenses (and hopefully provide additional profit each month).

My bank isn't requiring it but I'd like to have one done to cover me.