Twelve month interest only commercial loan at a local bank.

@Rehaan Khan you should hook up with a local expert to learn from.

Thinking STR may be good given proximity to Red Rocks, although not sure of STR laws per above?

Quote from @Bubba McCants: I have the same technique as Drew: copy from others, customize to your business model and laws, refine as you go.I started with a two-pager that was built in the 80s and never updated.

Are you planning to invest locally in California, or are you open to investing out-of-state?

Legal Compliance: Ensure you're on top of zoning laws, landlord-tenant laws, and that your contracts are solid.

I am also wondering if this is worthwhile and doable. if I transfer the primary property to LLC owned by my mother in law, would that constitute a sale?

In PR, understand the locals disposition to OOS investors, even those fluent in Spanish like yourself (or so I gather from Spanish language interview questions).No harm in beginning the interview process with both lender and agent today.

Assessing the time commitment and associated costs will help you make an informed decision.Market Conditions: Are you confident in the stability and growth potential of the local real estate market?

Anyone have recommendations on local lenders in Philadelphia for a LTR in the city?