To avoid probate do these payments need to be paid to a trust account? 

I actually planned on using a conventional or home ready loan with low down payments to avoid PMI.

I tend to avoid HOA rental properties altogether because of the convoluted nature of predicting the HOA's behavior and being able to perform due diligence to do so.

I do want to stay away from the water to avoid flood insurance.Thank you!

Homes selling for $550k needing $30k in work that are worth $580k or $600k are full retail/above retail properties you want to skip/avoid.

I just wanted to get others' opinions on it to avoid any pitfalls:1- the sale price range2- sale-to-rent ratio3- proximityFor example, looking into the Indianapolis's market, it seems that it has a much better sale-to-rent ratio, however, since it is very far from me, it makes me concerned, while Sacramento, though it is not super close, it is like 3 hrs drive from me, and I thought it would make it a bit easier for me in case something happened and it needs my presence there. 

Is this a pitfall that should be avoided?

Overall I plan to hire a CPA/lawyer to help figure this all out before I make a move but before I spend the money on those services I'm just trying to figure out if I can avoid paying ~40-50% of profits in taxes, in which case I probably won't do this strategy at all.

I will definitely be looking out for the some of that stuff to avoid in the future. 

I don’t want our net profits to go over 317k, if I can avoid it!