What I am noticing in the Bay Area is most small multi-family is really old construction around 70-80 years old.

A few of ours barely have an accent (they studied here for years).They are trained for level 1 support and filter out 95% of common issues for us, the other 5% go to management here locally to handle.

California has historically appreciated over many years and continues to appreciate specifically with coastal areas where there are land constraints.

I then spent the next year renovating to add a second bedroom and bathroom.

I own and manage rentals in OKC been investing here for years and own around 100 units currently. 

Worse, they could put the collection on both of your credit reports, which could show for 7 years even if paid.  

Meanwhile the average compensation is likely to further reduce from nearer 5-5.5% to 4-4.5%* These are personal hypothesis based only on twenty years and two days of the new rules. 95% of my transactions are buyer broker related, so you could say I'm biased but I an neutral.

We are looking to purchase a STR in Oklahoma that has future Airbnb and VRBO bookings through the end of the year.

If called due (I’ve done several thousand probate deals and it’s happened exactly once because of my early lack of training 40 years ago) you will run the risk of needing to pay of the old loan by refi or selling.

@Tony Sherman For years I used private lenders.