His long term tenant recently moved out and is about to rent it to his adult son, who will be paying him enough to cover the monthly expenses.  

A few I found some information about (mainly to stay away from them as they changed the rates/terms at the last minute), and one had a bunch of fake reviews on the BBB site, but the others I cannot find any information about as far as customer satisfaction.

My main question is…i know i pay a deposit and we have an agreed upon term.

There are way better options in Florida where prices are dwindling and things are beginning to sit on the market, but the market still supports short-term or mid-term rentals.

But there are too many stupid bidders, for a lack of a better term.

Not sure how long the commute would be exactly but sometimes you have to sacrifice some comforts for long term goals.

Make sure you are asking about all the terms - the maturity date, the adjustment period, the costs, etc.  

I need to open two checking accounts for a couple of SDIRAs and discussing commercial RE loan terms. 

Those numbers were something that many of us were able to pull off pre-pandemic, but it is much harder to do so now.Also, keep in mind that the “cheap houses” in the beginning can end up wiping out your cash flow with a major Cap Ex or maintenance expense.

However, I discovered that Anaheim isn't allowing new short-term rentals and that the strict regulations in California make arbitrage nearly impossible.I then came across the assignment of contracts strategy and thought it could be a good way to generate income.