STR Achievement Unlocked: I have a business partner who has an AI bot filling last minute vacancies on FB and, because sometimes it was too late for the canceling guest to get a refund, he sometimes runs occupancy ab...

Are the properties long term or short term?

A HELOC should be used for short term cash needs. 

Most people will not qualify for this, Fannie multifamily is simply not an option for someone new to this asset class.Bank - This is a Texas headquartered bank. 25 year amortization isn't the sexiest, but that's a human-attainable interest rate with very modest points/fees, with a short prepayment penalty.

Feel free to reach out.

Essentially she wanted something in place in case something happens to her in the short term.

Feel free to contact me if you’d like more details. 

I thought this was a lot of money until another of the companies told me they charged $10,000 for their instructional/mentorship program.I guess it’s a deliberate decision to give us for free almost…almost…all the information we need…but not the last piece of the puzzle.

If ab2482 does not apply, then 6 month lease (so the tenant is not treating it as real short), then have it go month to month until one of you wants to give notice.

$450k is pretty cheap for a Cali so maybe it works as rental (don't know the strategy here) but rental cash-flow could take years to equal $225k tax free.