How did that work out?

How did it work out?

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

In business, references and jobs done also help too.Handymen per CSLB are prohibited from taking on projects that are more than $500, unless they can either break the project down into smaller job or risk going to jail -especially if they furnished something recordable (ie, a phone conversation or in writing) in violation of this fundamental CA rule governing construction.So yes I do agree CA handymen should never quote a client anything more than $500/materials+labor per particular job unless they don't care about building a career towards being a licensed contractor honestly and dont care if they end up being criminally charged for it.As for a family member and/or close friend I would expect handymen in CA to obviously work out 'less than armlength' ways to help them with big jobs that do exceeed $500/project but not leave an obviously incriminating papertrail afterall its family you're dealing with anyway and nevertheless as a handyman (and likely brother, cousin, in-law etc) until one day you are a licensed contractor then can quote as much as you want per project.I'm tired and done with CA handymen masquerading as contractors, quoting contractor prices, yet not having even liability insurance that licensed contractors are required to have. 

Once you establish a routine and a few systems you will see it is very easy to self-manage.

My question for group is, has anyone considered a strategy like this for themselves, how did it work out, any creative ways to get the money out as withdrawal (syndications to negate tax loss, active property, 72t distributions.

How would I go about finding someone to help run these out of area leads and we could work out some sort of split if they could lock up the property and find it an end Buyer.

Hey Kelly & Evelyn,I'm sorry to hear their Program did not work out for you.

I strongly suggest adopting multiple investment strategies as a safety net in case a single short-term rental (STR) approach doesn't work out.

It might work out for you.