Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.

I also have heard Canadian investors prefer an LLP set up as opposed to the more typical LLC set up. 

My fear is that San Diego is not finished limiting/restricting STRs.  

(depending on your current financing, the limit is going to range up to 90% LTC in most cases)2.

This could be a way she can give to other family, a non-profit, etc. once she passes away.The nice thing about owner-financing, is there is no set structure, so if she wants to take the 80K down, and give it to the estranged son, then that is up to her. 

As a beginner this is me giving  ground to set my real estate goals and start working toward them.

I'd like to complete the purchase and get the studio live in ready within a few months... then rent the house to off set the mortgage!!  

For example, if I were to stop renting out a portion of the home, and live in the entire home for the year before sale, would that allow the entirety of the profits to fall under the 250k tax free limit?

The one company that does market heavily for 100% financing that is US based and appears to be legally set up is Do Hard Money and they advertise here on BP..

Nice problem to have if your estate exceeds the $13 million tax free limit.