Not to say you cannot do well, but it’ll take some extra TLC. 

If you have a residential FHA loan, you may trigger a due-on-sale clause unless you have lived there for a year or have had a life changing event.

The mobile app for iOS is live again as of December 2024.

I live in California and invest in multiple states, if that matters.

You can't rent out a PO box and live there.And yea that sounds like a huge red flag to me. 

@Michael Smythe the repairs were never completed while the tenant was living there.

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

I live and work in the Atlanta, GA area.

@Tom GrieshammerThe best bang for your buck would be buying an existing duplex with an owner-occupant loan and putting down 3.5-5% and live in one unit.