#4 Talk hubby into it if the future cash flow numbers are solid and there are no deferred maintenance surprises. 

Looks like a solid margin.How did you finance the deal?

Typically you'd only calculate long term rent when you crunch the numbers, but Santa Barbara has a shortage of hotels/places to stay, so airbnb/short term rentals, like @Rohme Williams said, should be a solid bet.

There are lots of other great local groups around, each with pros and cons:TRIG: meetups once/month, paid membership, tons of local rooted investorshttps://www.trigofva.com/Hampton Roads Investor Group: Free, hosted by investor agents at 1st Class Real Estatehttps://www.facebook.com/group...Hampton Roads Landlord Associtaionhttps://www.meetup.com/HRLandl...I would continue to learn on here and connect with some other investors at the above meetups/groups to see if you really need a 10k mastermind to get started. 

Of course BP is always a solid place to start. 

Wanting to create a solid foundation for my future, I also became interested in the prospect of investing in real estate.

I am looking for a contractor that can get me a solid bid for this type of work. 

@John McCoy max maxwell contracts are solid also, that's a good link to click an download!

That sounds like a solid investment opportunity.

Thus far, no solid movement, despite having sent all the documentation requested via portal or directly to the individual at the bank.