Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

They can help navigate challenges, identify market opportunities, and offer sound advice based on their own successes and failures.Risk Mitigation: Sharing the risk with other investors can reduce your exposure and help protect your assets.

I am particularly interested in neighborhoods with strong potential for growth, rental income, and community revitalization.I am open to various possibilities and eager to hear your perspective on these and other up-and-coming areas.

Each person can make a different decisions and that be an okay decision based on their goals.

Building a strong local network is one of the easiest ways to get involved in real estate.

Then, run your numbers on the potential STR income - what are your expenses going to be (they will be more), and what is your projected income based on looking at competition in your area on the sites?

This is not a problem if you use a licensed CA real estate broker to originate your loan since they get an exemption against usury for loans secured by real estate.My strong suggestion is to find an experienced hard money lender at a local real estate club to originate the loan for your lender.

How would you screen high quality tenants based on what criterial; credit score?  

It sparked a passion within me for real estate investing, particularly with the dream of building generational wealth.I'm based in the vibrant Denver, Colorado area and I'm reaching out to this community with hopes to connect and network with fellow investors.

Keep a strong emergency fund.