You might get a few different answers depending on who you talk to, but at the end of the day, it’s a yes or no that matters. 

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

.$8,000 would likely go away in closing costs.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).

An important thing to note is to learn how to calculate estimated closing costs.

I have a very easy and quick answer to your question and it's a no-brainer.Don't buy rentals in California.

Hey, there were no hard feelings (at least not after she remarried!).  

Yet as the owner, I am still covering the cost of any maintenance and repairs, so who does this really benefit?