This last year and every year, it's warm enough in September to swim in the Bay.

Always correspond via email so there is written record to bring suit in the event of misrepresentation.Unlicensed brokers generally have no insurance.

I've been looking into the BRRRR method, but I think we might be more suited for a few flips in the beginning just to build up some cash.

Below are the tenant screening that we use:- check credit; credit has to be at least 600 specially if you want the tenant/buyer to cash you out in 12 months; also there should be no 90-day lates in the past 12 months- check criminal history: no felony in past 5 years; tenant can't be a registered sex offender- check income/ verify employment; salary has to be 3 times the rent- check civil cases: no evictions in the past 5 years; no BIG civil suits judgmentsIf you're a newbie, you can't afford to get a bad tenant.

Research the ins and outs and I'm sure you'll find what best suits you.As far as getting started with limited capital, many newbies (including myself) explore the option of wholesaling.

They will be able to assist you in determining area's that are best suited for the type of investing you'd like to do (i.e. buy and hold, flip, etc...)  

But it gave us a separate suite as well as increased the capacity - equals more money!

It might be an important thing to do, depending your personal net worth, is forming some type of corporation or a LLC to protect you personally against any law suit.  

Or 10 minutes later, for that matter.You cannot sell the place before 3 years are up, or the tenants you evicted would have a reasonable chance of winning a law suit that they bring against you.

IF they come back and you have tossed it prior to statute, they could have a nice suit against you.