The problem is that a small kitchen costs alot less than an large kitchen, same with the bathroom.

I'm trying to help out other CA investors (I still think buying locally is better than an inexpensive property OOS where you can't check up on the property)I don't know the Peninsula well but expensive Palo Alto, Los Gatos, Cupertino would be Class A to me.

Maybe, maybe notYou have to weight the pros / cons along with the risks.Your BP mentions you are 'new to real estate'.You are getting into a new asset class along with a business(I consider a STR more of a business than an investment).How much will you save in taxes?

Rental houses in your own name will be harder than an owner occupied house, but you may find a HELOC or fixed rate line at a local community bank, a credit union.

It made use of "Conditional Release of Contract" rather than an "Assignment of Contract"; the release is a NON-PERFORMANCE of the contract, and hence there is no (convoluted) logic to taxation of this.

But by the time we get the kids in bed we're both exhausted, and though we both work on offers, we don't feel like we're getting enough out there.  

Definitely a non-exhaustive list and I'm not privy to your exact situation but hopefully this helps.1.

The Joint partner would use and exhaust all of their 10 financed properties and new partners would be added to accommodate additional more conventional loans as needed.

I am exhausted and ready to work Smarter not Harder.

There are also companies that can do this for you that would be better suited than an attorney. $200 per unit doesn't sound all that bad though.