Charging the nose bleed prices....

Factor that in and you cannot touch the profit that is availble to a RE Investor.I applaud your success in your new venture, but don't come back on here to rub our noses in it, when you obviuously have little clue what you're talking about.

California attorneys just want you to LLC locally and pay thru the nose the california franchise fee of $800 per LLC per year. 

Rental activity will be reported on the partnership return on Form 8825; this activity will flow through to the K-1s, which will pass through to the individuals and be reported on Schedule E of their individual returns.There is no SE tax on rental income whether or not you have an LLC.

If you want to be a hard nose landlord you can try to force them to use your system, but I’ve read somewhere that at least certain states are making it where you have to accept at least checks.

After awhile you develop a keen nose for ******** and you're the real deal 👍

You just can't.There certainly IS some minor money to be made if you're in it to the point that the stink of it will never leave your nose.

If your mental health is so fractured that you can't go to an Open House on a four-family down the block from you, that is something to focus on first.

The industry is quite fractured and developers are mostly regional.

They have to keep nose clean, there now in the system, tax's and all regular everything.