Realtors from many cities will reach out on BP and offer their city's merits.

After you have that you can determine whether there’s merit in investing.You can research the address by googling it and sometimes you are able to find the original listing.  

I prefer to look at Gross Rent Multiplier (of 4-5) as a way to "sniff" the deal and then use a cap rate based before and after valuation of the property to assess its merits. 

I am aware that there is a lot to consider in whether there is any merit in this move.

Your plan at the very beginning of this thread has a lot of merit.

I’m also being offered a 3.5 80 LTV cash out refi Isee the merits for both, HELOC is flexible and I can be cash flowing more right away and I can use it when I need it, but I’m scared of the adjustable ratesThe cash out refi seems appealing because I can lock In the 3.5 rate (considered my primary) and I can cash flow close to 1k after expenses, but I don’t have any deals lined up.Not sure if I’m going to use that lump sum to buy another Brrrr SFH or use it as a down payment for a bigger multi family Goals are to net 100k a month in passive income and to grow my portfolio relatively fast.

If I charged tenants for water, even if I discounted the rent appropriately, it would create bad optics from the tenants' perception and would create a competitive disadvantage for me, having to "sell" each prospect on the merits of being in control of their own water usage, since having it included is what everyone expects.(2)  Here in NY the water bill goes with the property, not the occupant. 

Whatever the merits of Anderson's position might ultimately be, based upon the above I think its pretty clear that the State of California will assert that Ca Franchise tax is owed because you will be considered as conducting business in California on behalf of the LLCs.

And while there are certainly structures in L.A. worthy of preservation on their own merit, Taix’s building clearly isn’t one of them.

So my two cents, which may or may not have merit.