So this is Bigger Pockets?  Well, my real estate background consists of dorms, apartments, SFR rentals until my current primary residence.  All of which I have nothing to show for them well except for my current resid...

But looking back I should have furnished it, provided weekly cleaning, etc.,  and put visiting nurses in it or found a corp. needing weekly visitor housing.Since I do mail marketing and look at a lot of data, I've always been curious about the NY/NJ/CT people who own in CA.  

I have about 13,000 in cash, the foreclosure I am expecting to be worth around $200,000 once in good condition, hopefully normal maintenance is all that is needed (i.e. cleaning moss of roof, landscape cleanup, paint, etc.). 

Pay the daughter enough to move out and leave the property broom clean.

Therefore I was thinking to operate 1 of the 3 rental units as a vacation home (inspired by last week's amazing podcast) aiming to keep the unit occupied enough to generate a similar or even higher income to the other two long-term units.Does anyone here have, or have had a similar set-up, and would like to share their experiences with me?

If that is how it works in your state, then listings are an easy way to start generating income.

But the results are a clean smooth wall.

Essentially, my plan is to learn, network, tighten up my credit, raise capital, and pull the trigger within the next year (my original plan was within 9 months, but that would mean purchasing in December...I'm afraid it will be more difficult to flip a house in this area during the winter and I want to minimize holding cost as much as practical...thoughts on that are appreciated).That said, I'm a clean slate ready to absorb all the knowledge and wisdom from others in the BP community.

One of my great long-term real estate bets counts on them cleaning up the inner-city beaches. ;)

I just finished reading this article by Frank Defazio (http://www.biggerpockets.com/renewsblog/2012/11/08...) and he states that after a period of time you can move out of the property and rent out of room you were living in to generate a higher cash flow.