Taking action and learning from those actions are key to moving ahead.

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

The pro development and affordable housing advocates use the term NIMBY, but I suspect it is the rare person that buys in a single family zoned area that would be thrilled to have 17 units (qp16 additional units added) in the lot next to them.My initial protege was the land source on this effort.  

Here are some key takeaways from our experience flipping homes and running a renovation business in San Diego.1.

From experience, finding a knowledgeable accountant is key for handling taxes effectively, especially when splitting expenses, claiming deductions, and managing depreciation.

In October 2022, I got notified that my loan through Center Street Lending was cancelled (because there had been no activity on the loan)and that I would need to find another source of financing.

Do you have a price point you're targeting and are you looking for turn-key properties or something along the lines of a "fixer upper"?

For example,  providing a heating source for your tenant is your responsibility as the landlord. 

For most, this isn't a realistic option so they update some of the most important regions themselves and copy the data from other providers where they don't have coverage.This is a big problem with these big consumer-grade real estate analytics platforms—you don't really know the source of that data, its frequency, etc.

The key is to offer something different to the other homes, and be an attentive host, to get good reviews to boost OTA (Airbnb/vrbo) rankings.