The LLC is an asset just like owing stock is an asset, but in this case you happen to manage that LLC.A couple of drawbacks: If you live in California, but your rental property is in another state (and the LLC is set-up in another state) you still have to pay CA tax (min $800 per year).

I want to pop on there a quadplex, live in one unit and rent out the rest. 

We have been told the carpet was cleaned 2 times and they were unable to get it up.Separate issue that may be related but unknown, in the living room and kitchen a slight black soot is collecting on some of the windows, ceiling, and oddly enough inside the refrigerator.

If you are mailing to absentee owners, as in they don't even live in the same state, you will get the best response rate.

I moved from Riverside, CA in 2007 and must say the cost of living here makes trading off for the beaches worth it.

Hello, I am from Los Angeles, lived overseas for 7 years and then moved home and was looking for a good deal for me to actually own my first property.

I live in Amesbury/Newburyport area and so do my cash partners.  

My husband and I live in California currently but are planning to move to Tulsa, OK over the next year.

I live in the Salinas CA and medium homes are priced right around $450-500K. 

I was hoping to get some feedback on my numbers since I don't live in that area and don't know the market up there.