Knowledge is power:Thorough Inspections: Minimize surprises with detailed inspections and due diligence.Strong Screening: Careful tenant selection reduces vacancy and headaches.Diversification: Spread your investments across different locations and property types to mitigate risk.Financial Planning: Maintain a buffer and choose financing options that fit your long-term goals.

@Andrew HolmesThank you for such detailed answer there.

I'm going to need a few more details.

Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.

CPA's should be more careful on details.

Read the full report here.https://lao.ca.gov/LAOEconTax/Article/Detail/265California may have had a $9 billion surplus.

You can carve into the details a bit more with a specific broker and products.

 @Raif Jochim without knowing details of each loan, I would almost always choose the primary home.

Many details could affect whether you are entitled to this money back or not.

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.