I have some family in Fairfield I'm originally from Davis now living in Tahoe.

Your profile mentions doing a 'live-in-flip'.You would want to work with a CPA that is knowledgeable of real estate and also has a good understanding of section 121 which allows you to exclude some gain from the sale of a personal residence.

If that property you purchase has negative equity, are you ok with living there for a longer period of time?

She will drag it out as long as she can if you don't make the call because at this point she's living for free in your house. 

I bought my house 5 years ago with the intent to live in it for a few years and then turn it into an STR.

When we were much younger my wife and I were one of those Section 8 tenants and we lived in that same zip code during that time (it was D neighborhood back then also).

Search for some answers on here or post your questions to get some live feedback.All the best to you on your journey!!

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Buy a golf arcade instead like Golden Tee with Power Putt Live.

Allow me to introduce myself – I'm Lane Klastow and live in Phoenix, AZ, and I'm diving headfirst into the thrilling world of real estate investing.