Quote from @Thu Pham: Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.

Learning the market means getting familiar with the neighborhoods and rental and sale values, understanding local construction costs and permitting processes/timeframes, learning which vendors and lenders to associate with.

My apologies, we do not plan on investing in a property without seeing it in person, it is about 2 hrs away from us and we plan on going down there to see the property for ourselves.

We are in the process of foreclosing on some vacant land in a small county in the mountains.

https://www.cnbc.com/2025/11/13/foreclosures-rise-october-ho...Foreclosure starts, which are the initial phase of the process, rose 6% for the month and were 20% higher than the year before.  

Key is ongoing operation of the asset so it doesn’t lose value.Tax Avoidance-  the biggest hitter is the $250k capital gain exemption.  

I ended up connecting with a lawyer who has handled other issues for me and she said basically I waited too late in the month to start the eviction process and to sit tight as it seemed the tenant was actually moving out, but if they weren't out by designated day, circle back to start a formal eviction.What actually happened is that the tenant moved out on the date indicated and left some trash but the unit was generally clean and left in good shape.

Always ask to see the tenant’s voucher before signing or submitting the RFTA packet.The approval and inspection process can take time, and if the unit fails or the paperwork is delayed, the tenant may not be cleared to move in yet.Check the expiration date on the voucher to ensure it’s still valid.

The best rental property improvements aren't about luxury – they're about durability, functionality, and tenant satisfaction.As a property management company in Rochester NY, we know successful upgrades serve three purposes: attract tenants, support higher rents, and reduce maintenance costs.Kitchen Upgrades Rochester Property Management Companies RecommendDurable Laminate Countertops Skip expensive granite that chips, stains, and requires ongoing maintenance.

I'm looking to learn more deeply about the loan process