The fines can be really high.

Regarding inspections, some PMCs will be at all, some will only be at the ones that have a high risk of failure or a problem tenant (renewal inspections).These are all questions you should ask when interviewing PMCs.Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

While California may present some challenges for investors due to high property prices and competition, there are still potential opportunities, as well as options in other states.

Main questions from here:  Is a coaching experience worth the high price tag?  

In addition the real estate agencies are under heavy litigation for their high commissions and price fixing.

Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet

Hi Julia, Starting out in land flipping can indeed seem daunting, especially when you're facing high costs for educational resources and feeling the pressure to make smart investments without a solid foundation of knowledge.

You just have to increase the equity enough that the new loan will cover your previous acquisition cost+ expenses.so you can get all or most of your money back out to go do it again.

As an investor with mixed STR and MTR units, I'm curious how you guys think this could impact the future STR market here in SLC?

I am considering investing in or near Orlando, Florida, in a Single Family Property, below the median in a high demand area where there are lots of people moving to.