For instance, a lot of our house-hacking clients in Denver or Colorado Springs want a home with a basement apartment.

I’m considering options like building a single-family home for STR or creating a small RV park with a few pads, but I'm open to other ideas.

The house is small, like 550 sq ft, but all of the homes in this neighborhood are this small.

That's less that what my father is paying on policies in Florida for a $400k home not anywhere near the ocean.

Take a look at the study from Amsterdam. by Piet Eichholtz Eichholtz_A-long-run-house-price-index.pdf (maastrichtrealestate.com)basically a nearly 400 year study of the prices of the same homes along the best canals in Amsterdam since 1628, and the prices rose at about 2-3% or the historic rate of inflation there, same study has been retroactively and proactively studied in almost all countries on Earth and they all get same answers over long term, (Re rises with inflation rate) Now you can have short term bubbles like now in USA, but they usually deflate like the 22% drop from 1929-1935 or the 34% drop from 2006 to 2012, which many of us benefitted from.

People are willing to pay the high interest rate because they expect to pay off the loan quickly.If you own the home outright, you would go to a traditional bank to cash out the equity.

. $24,000 worth of improvements, $20,000 in lost rent. 

My top tip wouldn't be only the books BUT to actually attend a few local meetups in your area.

$300K should allow you to buy a duplex/2-unit and both doors should be offering a profit even at 15% down.If you are in a situation where you are getting hit with high taxes, high rate, low rents it might be a "Walk away deal".I have to have conversations daily talking people out of buying a particular home because its a bad deal.

Hi All,What are some tax implications to keep in mind for flipping a single-family home in California?