Ensure it meets safety and zoning requirements before using it as your primary residence to avoid violating any laws or terms of your owner-occupied loan. 

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

We feel like this is great business to be mid -term focused. thanksMax 

Discipline alone won't get you there.Having a long term mindset and responsibility are keyThanks Carlos!

As you look to scale your portfolio, first, ensure your mortgage terms allow for flexibility, such as the ability to refinance or access equity.

The going rate for short-term private money is 12%.NO private lender can stay in business making loans at half of the market rate!

Long distance investing can have more costs than investing closer to home in CA.

If you do not find a free or paid mentor you can get there as well but you may run into many expensive hurdles which is ok too but as long as you dont shy away and understand the bigger pictiure that at the end of the day you are learning and gaining that experienced and will be more savy as you continue your journey.

Are you saying I can find professional long term  house mates  or travel nurses in those areas? 

Texas been in my list for a long time and finally made up my mind to have investment property or brrrr, flip.