We'd be happy to assist, feel free to reach out. 

I have never purchased a home before but in the town I would potentially move to renting makes little sense do to the cost of housing prices.

My thought process was to get my feet wet on a lower cost city property (literally within 5-10 minutes of the ‘nicer’ neighborhoods).

Although AB-968 doesn’t specifically mention “licensed” contractors, the state of California already stipulates that “anyone who contracts to perform work that is valued at $500 or more in combined labor and materials costs must hold a current, valid license from CSLB” (source: CSLB).With AB-968, if work is performed by an (un)licensed contractor in an amount that exceeds $500, disclosing that entity’s or individual’s name and contact information becomes a legal requirement.

Partner Driven financed the Rick Rd deal using its own capital, covering the $525,500 purchase price and $40,000 in renovation costs.

These are the few numbers I have (purely based on first conversation) Her operating costs are about $900-$1000/month. about $450 for the county to come inspect once a month, costs of upkeep, meter reading, invoicing etc. 

Cashing-out the equity every 5 or 6 years on a refinance is TAX FREE., while cash flow is taxed.

Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!

(Sales price minus selling costs minus purchase price.) plus maybe 10% in state taxes. 

The rationale being you are reducing your personal housing costs as the rented unit will be covering some of the costs.