Hello all,Would love to hear your thoughts on whether there is a beach town that allows short term rentals in California, and where the following plan may make sense. 

Hi Madhul,Investing in both LTR (Long-Term Rentals) and STR (Short-Term Rentals) can be a great strategy, especially with substantial capital.

My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants.

You're going to need to put 25% cash down since you'll be needing a commercial loan.

They were mainly for long term vacancies, with exception of one.The first time was 2012 when I dabbled at buying a rental.

It's great in terms of location, but the main issue that I have is that there is no public trashcan for the bus stop.This means that people are constantly littering around my property, and I am forced to pick up all of their trash.

Just remember to notify your lender and the title company and disclose to the lender who will be the members and guarantors before the loan is underwritten.In most cases, form the LLC in the state in which you live or the property is located.

Should I discuss some bullet points and do a small contract between me and the buyer or is there a standard contract for such that we can agree up on terms prior to handing the deposit to the title company?

Investment Info:Condo private money loan investment.

If you don't plan to occupy the home, I would love to a lending broker in the area to find you the best deal to either do an investment loan or DSCR type loan.