I think I need to start over and re-frame my question

[Joe Koppel]

I am at the end of a divorce and had to sell everything. My home is on the market for sale right now and when it sell I expect to have $100,000+ free cash and I want to but some rental properties to get cash flow going.

I live in San Diego CA, and will retire in 2-4 years so I have to stay here for now. I was planning on buying property in Texas because move in ready homes go for $125,000 so I figure I could buy 2-3 rentals there. But I am told by some here that this is a bad idea.

Homes are way too expensive to buy here in California.

So where does the smart money buy rental properties at?

How is California going to nail me on tax?