Hey James,Good on you for slowing down and learning before jumping in — non-recourse loans tied to retirement funds (usually through a self-directed IRA or solo 401k) are a very different animal than a conventional mortgage.

Plus, since they can cut and paint to size, shipping costs is less, and they stock way less material on hand.Imported treated pine lumber is astronomical since their pines trees were wiped out by the pine beetle and they also don't have a coating/impregnation process for the raw timber.

Underperforming deals, as painful as they are for all involved, are a very different animal from deliberate fraud.

@Madeline Marquardt does the lease not have an animal limit. 

I agree that SF homes as opposed to brick and mortar is a different animal but by those standards a coffee shop has no value either. 

Nor would I necessarily move out but I absolutely would take my animals and stay somewhere else until the infestation was eradicated.

I compare it to taking in an injured animal that no onewants thinking it was a temporary thing but then you can’t just dump them whenyou get tired of the situation.

The railings on the front steps will likely need replacement (they don't look secure) or atleast a coat of paint.

ChristopherHi Christopher, doing a BRRRR out of state is a whole different animal, especially if you’re just getting started in real estate, not to mention you're an out-of-state investor.

In addition to your STR investment plan I’d recommend checking out White Coat Investor forum.