I'm not sure competition was the problem for you - sounds like it was more an issue of marketing and managing the lease up process.

Still, if it needs constant reno/repairs, just make sure its worth it and you've run your numbers properly.Yes, it really depends on what sort of life you want to lead, aswell as your investing strategy and goals:Just assuming that half your gross income goes to str related expenses and maintenance/renos, your yield on equity is about 6.9%. 

Selling you a product is easy but relating to you based on their personal expierence is not.

The main issue with Pasadena is the high price of entry and long timelines for Building and safety permits. 

The issue comes with financing the rehab:Another loan and then cash-out refi?

I think he might have personal issues going on and does not have the money to continue working on my job whilst he is probably working on another job.

I think the issue is how much is the job? 

I'd keep putting those struggles/concerns out there and in communities like this and you'll find people who can speak to those issues and give you some guidance. 

Make sure you abide by any signage-related municipal laws.Cold Calling: You could want to give homeowners a call to see if they would be interested in selling their homes.

@Sarah Moore This issue is going to be resolved by the law of the state where the LLC was originally formed.