You need 75-100% of capex set aside, 15-24 months of vacancy set aside.

She wants to sell the 1/2 acre and the two wells that feed the community as her husband who passed away set it all up and maintained it,  I don't think she has been keeping up.

with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.

I say that to say, like you I wasnt a complete rookie when I set out for a program.The hard part in giving a recommendation is that everyone's goals are different. 

My wife and I are considering getting into real estate, possibly short-term rentals.

Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!

I'm considering selling the property, but the financial numbers don't seem to justify this move.

Typically, when I work with RE investors, we'd make a preliminary legal plan to ensure that both the legal and business goals align before creating any sort of entity set-up.

QUESTION 1: Would you consider this a good investment; purchasing a renovated SFH, section 8 it, and utilize a management company?

However, if the occupants stay for less than 30 days, the rental is typically considered a short-term rental and subject to different regulations.