For them it is probably safer than the stock market and they can use 'cash' or Self Directed Retirement funds.

It's not like stocks, where an Enron can go to zero.But if/when we have a correction, I'll probably use it as an opportunity to buy more properties.

You would need short term financing for the build or the builder will have to for the entire bill until he gets the certificate of occupancy, at which time you could apply for financing.

It cashflows well as a seasonal and short term rental.

Late on a Sunday evening I saw a short sale pop up on Redfin of a house with no pictures in Palos Verdes Estates.  

We don't specify who pays the deposit or who pays the rent - if anything comes up short, everyone gets the boot.

Long story short...the person whose name was on the title was not cooperative and we have since had to take legal measures to do a quiet title action that wont be completed until mid August.

The only problem is if a flip it, i'll be subject to short term capital gains.

My short term goal is to learn as much as possible through books, BP site/members, and BP podcasts that I listen to everyday.

First, just an obligatory precaution, I would make absolutely sure local ordinances allow short term rentals.