I would ensure that each of them undergoes screening and meets all the necessary requirements.

I assume this is in LA...have you asked about the DP required to get a high balance conforming loan? 

REP status is specifically trying to override this $150k limit, but it's out of your reach, unless you have a spouse who can qualify.Rules for STRs (short-term rentals) are different and do not require REPS. 

It requires a lot of money spent on marketing for it to be profitable and scalable.Feel free to reach out with any questions.

No matter what the current only bathroom needs remodeled asap due to water damage starting.. thoughts on navigating that with a current tenant?

My questions span broad areas and as I continue to do my own research, I'd really appreciate any experienced investors and residents who can chime in:1) For those who have invested in Chicago and DFW, or moved from one to the other, are there any qualitative differences in the way homeowners approach rehabs, structural issues, expenses requiring insurance claims, or any other major overhauls that a newbie must account and budget for?

It's okay condition for me to live there, but may require some upgrade and some fixing if I rent it out. 

I have to do that with the water bill at two of my rentals as the water company will only allow the owner to pay the bill.If it is a condition of the lease, you can also give them notice that they are in violation of the lease and start an eviction process. 

They are required to pay back the insurance company or have their credit marred and they can no longer use the "insurance".

Sanjeev Advani, a beacon for professionals and investors alike within these industries, offers a deep dive into strategies that promise not just survival but prosperity in these competitive fields.Navigating Real Estate with AcumenThe real estate market, with its cyclical nature and regional nuances, requires a keen eye and a forward-thinking mindset.