Normal unfurnished long term property management is normally 8-12% but MTR is a lot more involved than that.

Hi everyone, My name is Ray Scirrotto, I am a 28 year old aspiring real estate investor hoping to land my first investment property soon. 

No property to back the loan.

Would like to owner occupy a property again for 1-2 years.

Was wondering other stuff like property management expense like getting a handyman to fix something or roof changes etc, assuming they are a bit more.

The first one that comes to mind is property management.

Who is going to look at the properties?

Rental income from the 15 properties.  

Using a HELOC as a down payment is 100% financing on a property.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.