John Bianchi’s free course, which is about 30 hours long, is super helpful for anyone that’s trying to figure out what property to buy and how to design the property in a way that will allow it to be highly competitive in its market. 

The property is in an unrestricted HOA with a couple other vacation rentals but mostly season homes with some long term residences.

Is there a way to achieve both without having to give up all of the properties in the long run? 

I grew up in Memphis where I own 4 long-term rentals that are SFHs.

Great house in a great neighborhood, so as long as the tenants keep it up, we're friendly with the rates. 

What type of terms they looking for?

If you sell a property in one year or less after owning it, the short-term capital gains is taxed as ordinary income, which could be as high as 37 percent.

Who knows what could be coming next in terms of legislations.

There's nothing preventing the former owner from qualifying as the prospective owner-occupant as long as they meet the strict guidelines for being a prospective owner-occupant as set forth in Civil Code 2924m(a)(1). 

Investment real estate is such a great way to build long-term wealth.