Cash will be necessary whether it's to float a long term rental experiencing abnormal vacancy, or to provide a contingency fund to cover cost overruns on a remodeling project.It takes time, but knowing rehab costs is essential if value-add is your goal niche.

Doug Ducey listed "essential services" that would be prohibited from closing...in other words, allowed to continue to operate.Real estate was included in "Professional services, including legal, real estate and accounting services."

However, last week inspectors were deemed essential in California so just keep calling.

It's in a desirable location, gated community + HOA amenities, great school district, and within walking distance to parks, coffee shops, etc. 

To me, that means you're going to have a large pool of residents who can't afford to rent a whole place and who aren't against living with others -- essentially, you've got a large pool of potential house-hacking/rent-by-the-room tenants.

(Or, they sell you a wire transfer for $30, but run it as an ACH for $0.40, and keep the $29.60...)One thing I've experienced with a couple of different online money-transfer things is that usually the service deposits a few small amounts into your account, asks you what the amounts were, and then withdraws them again, in order to verify that they're connected to the right bank account; it's essentially a PIN done with pennies. 

Are you being posted within the District?

They essentially work exactly the same as properties that you invest indirectly: if you depreciate they throw off losses in early years (especially if you accelerate depreciation in which case they can throw off more passive losses than they produce in income).

These were essential to me getting my first rehab done, my favorite link in the world: https://www.depositaccounts.co...

When all of things are newer and you manage the guests well, the actual maintenance costs for a STR tend to be about the same, if not a tad lower, than long term (NOT including the ongoing cleaning costs . . . which again helps reduce the unplanned maintenance and repair costs of the STR).However, in another way you're likely to have MORE maintenance and repair in STRs because essentially you have all the volatility as a normal house, plus furniture and decor, plus a revolving door of guests.