I already own one and am looking to purchase a second one.

I recently moved back to the Pacific Northwest near Vancouver and am hoping to begin here.

It has 2 detached structures and one of them includes another half-bathroom.  

@Yixiong Pan - If others have the cash to put into deals it sounds like you could form a JV partnership with others where they bring capital and you operate the deal and come up with a split of equity of the purchase.

I see how they would fund based on the numbers of a long term rental, short term rental, and midterm rental.

Thank you in advance for thoughtful insight, pearls of wisdom and/or tips.

Any feedback/suggestions are always helpful, and I think you could find it beneficial for your operations as well.

I already did a cash out refinance on my primary in Texas and therefore can't do a HELOC on it.Trying to find other ways to get 10-40k cash.

Hey Jane, LTR and flips are both great strategies to pursue in CA.

OOS investing is not as easy as advertised, and if you pick a market thousands of miles away based solely on numbers it may be tough to build a network and get started.