Secondly, regarding “Fund I” investors, we are not offering any more single asset or portfolio acquisitions to selectively place certain properties inside or outside of our fund.

I flipped my first home in 2008 taking advantage of cheap deals during the last big crash.

Ask questions about:Building your out-of-state team (agent, PM, contractor)Understanding financing options for 2–4 unitsWhat to look for in market selection (population trends, job growth, etc.)You're in a great position to start building passive income outside of California, and once you do one deal, the process becomes much more familiar.Feel free to reach out if you want examples of out-of-state multifamily deals or a walkthrough of the numbers - happy to help however I can. 

Thank you all for great feedbackRegarding below point>>Single-story brick homes rent well and cost less to maintainAfter 1980 and after 2000 most of the houses coming 2 floors right.What is advantage of single story?

What if I did it where I started with a free platform like zillow or redfin even in a non disclosure state, then actually use that to my advantage by telling the agent (I only work on market) that if they think I am way off with he numbers could tghehjy provide me comps of their own thus throwing the ball in their court and then tell them that before we finalize the deal should we get there that aI will run it past some of my real estate agent partners to validate it and as long as there is not a crazy discrepancy I will accept it as the comp as part of the final purchase price. 

With cold calling, you can build a custom list based on specific criteria—such as property type, location by county, or even down to a particular street ensuring you're reaching exactly the kind of prospects you want.On the other hand, the key advantage of ads is that they run on autopilot.

These foundational elements are often overlooked in the excitement of chasing deals, but they are critical to ensuring your long-term success and financial resilience.A strategic approach to taxes allows you to take full advantage of available deductions, choose the most beneficial structures, and keep more of what you earn.

These sources ensure that the documents you use comply with current laws and best practices, giving you peace of mind as you embark on your journey as a landlord.I highly recommend becoming acquainted with your local landlord-tenant laws, as this knowledge is incredibly advantageous.

LTRs offer stability, while STRs can produce higher returns, but come with more risk and management needs.STR Tax Advantage: If you materially participate (100+ hours and more than anyone else), you can qualify for the STR loophole, allowing bonus depreciation to offset W-2 income, without needing full REPS status.Use Cost Segregation: Ask your CPA about doing a cost seg study to accelerate depreciation, especially if 100% bonus depreciation returns in 2025.Backup Options: If managing real estate feels overwhelming, consider a Delaware Statutory Trust (DST) for a passive 1031 route, or an installment sale to spread the tax burden over time.Meet with your CPA and 1031 intermediary to ensure your reinvestment strategy is tax-optimized and aligns with your comfort level on risk and management.This post does not create a CPA-Client relationship.

If you decide to buy a place live in it for a few years you can take advantage of FHA and lower mortgage rates.