Often times, having a license ties your hands and keeps you from implementing many investor strategies.

Then, when they're ready to move in, they could convert it to a residence and remodel the house to fit their needs.I hope @Dave Foster and others can provide specifics on implementing this approach, especially when it comes to the long tax arm of California.

question should be do I want to be a land lord or is there other RE niches like financing that could be implemented..

I'm in the process of implementing this strategy.

Even if the strategy they teach WERE valid, it still can not be implemented by the vast majority of their “students” because the students lack the knowledge and understanding and experience in real estate FUNDAMENTALS needed to be able to successfully implement ANY real estate investment strategy.  

I’m leaning toward value-add or light fixer-uppers, something where I can force some appreciation and possibly implement a BRRRR strategy.My price range is around $150K–$250K, depending on the deal and market.

In my experience, and based on strategies we’ve implemented over the years, the key is to close on the property using the appropriate entity from the beginning to ensure proper separation and protection.I recommend you look into the following strategies:Holding CompaniesIncorporating in states like Wyoming, Delaware, or NevadaUsing Land Trusts EffectivelyInsuranceWe’ve used all four methods in combination to manage and protect our assets, especially since our long-term vision included investing in both real estate and other business ventures.It’s worth noting that in response to your question, you received a range of opinions, some of which contradict each other, and others considered someone's advice to be bad.  

This type of entity layering can help shift the income in a way that changes its tax treatment.That said, implementing this kind of strategy requires careful planning and precise execution to stay compliant with IRS rules.

Hi Bridgette, I actually just purchased a home recently and am implementing a similar strategy, living in the english basement and AirBnBing the upstairs.

On principle I don't have an issue with implementing any of those things regulations are in any industry, but when you make them in a vaccuum and don't consider things like cost to maintain and build then its a net negative in my mind.