I am working with a RE-focused CPA this year who charges a flat fee of $2,500 and is very responsive so far.

There is low inventory, lower sales volume, and high interest rates, and as a result many people are sitting on the sidelines, either intentionally or forced.

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

The higher the risk, the higher the cap rate, the lower the price.My advice to anyone who is getting started: buy something safe.

Cheap houses in lower class neighborhoods will get you cash flow with a lot of headache.

Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

House hacking seems like the best strategy for me.My goal is to purchase a single-family home in Maryland, D.C, (from lurking I've heard D.C was terrible for investing) or Virginia with multiple rooms where I'm making monthly payments similar to what I pay in rent and other charges ($2000-$2500).

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

In the last few years, they've made illegal:-Rent controls of any kind-Limiting of fees or screening charges-The ability of HOAs to regulate STRs or LTRs in their neighborhoodThat's just the start.