Hey @Lucien PerreaultGreat question, but giving you the best guidance possible necessitates a better understanding of your goals and overall plan. 

If you were thinking about buying a vacation rental in a more coastal neighborhood like Mission Beach or La Jolla (where the cost essentially necessitates the escalated income of an STR), I would likely advise you to wait to see where things go legislatively.However, the neighborhood you mentioned are not necessarily in that same category.

Thanks Caleb and Josane...at this point I don't think I need it...it's a nice to have not a necessit. 

Adding an additional fee in there (your assignment fee) would necessitate a bigger spread on the deal, which would compromise your buyer's position and offer.

Is there much GENERAL education one can acquire on laws without being state-specific.Also, since my vagabond status necessitates that I am an absentee owner, I would think the laws pertaining to tenants and advertising would be the domain of my PM.

When the police department intervenes at a gathering which constitutes a nuisance under this article, the premises ... shall be posted with a notice stating that the intervention of the police has been necessitated ... the date of the police intervention, and that any subsequent event within the period set forth below on the same premises, which necessitates police intervention, shall result in the joint and several liability of any guests causing the public nuisance, or any persons who own or are residents of the property at which the public nuisance occurred....

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

Summary ejectment procedures must now be handled in district court rather than magistrate court necessitating hiring an attorney to evict a lease option tenant for breach.

I am not a wholesaler nor do I invest in your market but If I did I would Look to the segment of the market that has at least some equity and search for distressed situation caused by divorce, death or some other factor that necessitates a sale.

When he retires, he can make payments from 401K distributions, and can pay it off right away if he wants, though I might spread it out over a few years to minimize the tax impact from the distributions (keep him in the lowest possible tax bracket).I see no reason to borrow from the 401K (which is typically limited to $50K and would necessitate monthly payments around $900 to pay it off in the max-allowed 5 years).