The 50% rule (if I understand it correctly) says that your operating expenses will typically be 50% (plus/minus) of your market rent.

If they file a notice you can bet the bill is going up.

I'd bet the majority of people here still have a full time job.

For the most part, there have only been a couple of token operators being fined, but it can happen to any landlord in Monterey county.

I'm one who (for now) won't bother going the llc route.Your purpose for getting an LLC is to protect you and for it to properly protect you you pretty much have to know all the dos and donts of operating under an LLC.

That would be a nice monthly payment.I'd bet you can get the taxes down from $2200 to $1500-$1700.

BUT if you operate this method, always get 1 month ahead on them plus deposit, like normal.Let us know how it works out with your short term leases!

He borrows his operating funds from Private Lenders (family) @ 3%.

I know real estate agents need to be licensed in order to operate, but I was lead to believe that there was no licensing required to purchase properties as an investment.

I was just advised of a multiple offer situation and was asked for my highest and best offer from Freddie Mac.I've read several accounts of how Freddie Mac allegedly operates (including one statement that they don't ask for highest best) and they all seem to conflict.I am fairly certain that my bid will be the highest on this one, but there are certain things that Freddie is doing that is causing me hangups.