I do have a good idea of what you will explain to me regarding my permit as I have been in constant contact with permit coordinators and reviewers alike however, I am eager to hear if there is anything new that I haven't found out on my own. 

That way you get some personality in the space without driving yourself crazy coordinating freight and piecemeal deliveries.

Are there coordination fees?

It might take a bit more coordination, but it’s definitely doable with the right team.Yes thats the goal, however it is really difficult to find that reliability when you don't live there, know the people there, and how things work there.

I invest in Ohio, mainly in small to mid-size multifamily, and building systems around deal analysis and team coordination has been a big part of my approach. 

Then I text someone to go fix the issue and give them my tenant’s number to coordinate a good time to come.

The last thing you want is to find out on delivery day that the new unit doesn’t fit through the front door.It might cost a bit more upfront than coordinating separate contractors, but a reliable local supplier who knows you’re an investor will usually go the extra mile and save you repeat trips and stress.

We will provide links to these as well.Brian Benoit of Miller Berger is coordinating AHP’s legal efforts nationwide and will join the webinar.

California development is slow, and utility coordination (PG&E for gas/electric) can be a difficult path.

From a tax perspective, STRs are unique because they can be treated very differently than long-term rentals, and that can open the door to powerful deductions and planning strategies as you grow into flips and traditional rentals later.Key tax points to keep in mind as you start:Short-term rental income (average stays of 7 days or less) is generally treated as Non passive income, not passive, so you may avoid passive loss limitations that normally restrict rental deductions.Because STRs are considered a business, you may be able to take accelerated depreciation or even use cost segregation to front-load deductions against your active income.If you materially participate in managing the property (screening guests, coordinating cleaning, handling bookings), losses can often offset W-2 or contractor income, a major tax advantage early on.As you expand into flips, know that flips are taxed as ordinary active income (similar to your contractor work), not capital gains.