Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too? 

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

You can say houses are much more expensive today!

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

I have some in-house laborers for any large projects but sometimes value add can even be raising rents to market or finding an off market gem. 

How the house photographs gets more eyes on it.

Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance. 

She stated "this is your property, so you need to fix the issue within 2 days or were shutting down the house."

-save $1k+ in taxes and fees yearly-can use the savings to get more insurance and a higher liability than the value of house. for flipping houses in California does anyone just put into sole proprietor own name and just use the $1k+ in savings for LLC costs into Insurance or use for savingor am I just being too risky. 

A conforming loan refers to a type of mortgage that that aligns with the criteria set by the Federal Housing Finance Agency (FHFA).