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

If your goal is to scale faster and get to the point where your real estate cash flow allows you to spend more time with your kids, BRRRR can help you snowball your investments instead of parking all your cash into one deal.Building Equity: With BRRRR, you get the chance to build significant equity upfront by adding value through renovation.

You can often charge a higher rate and/or deposit.

In cities with significant and sustained population growth, rents and prices will rise faster than inflation, enabling financial freedom.Conversely, rents and prices rise slowly in cities with static or declining populations because the current housing inventory is sufficient.

My state is relatively inexpensive in these matters and charges $102 annually for an “Annual Report” which is nothing more than paying to verify your contact information annually.

In my state there were lawyers who did not specialize in 1031s and they wanted to charge me $3000!

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

I know alot of people are charging 30-40 bucks a month around here and that covers the supplies to do the furnace and fridge filter but its still on the tenant to actually do the labor part.

Are you saying that together the 3 sisters qualify for a 2 bedroom unit, but you're charging them more on a separate agreement for that third bedroom?

I charge a premium and as such, expect things to be a bit nicer and feel okay saying no discounts for people shopping for discounted stays as there is a reason I charge more than my competitors.