If not, then you really need a strong legal structure stating how these properties will be governed going forward, including management, tenant selection, capital expenses, etc.

I’m in CA also and paid cap gains on huge profits to the tune of 28%, which included CA state cap gains.

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

Do they include energy tax benefits within their study?

There are a ton of PMs in Austin, for example, including a bunch of national and local brokerages so the competition is thick.

total return from an RE investment includes value added, appreciation, tax benefits, equity pay down, and the cash flow. 

Here is a link to a copy of the filing that includes the creditors that were wiped out.  

Also where there are changes in regulations that may require lenders to change servicing agreements which affect who services your loan.I know that's a pain but as things change -- unfortunately, investors will be impacted by changes in the lending industry - and that includes LOAN SERVICING CHANGES.It’s a total cluster between the banks, their loan servicers and their loan servicer’s sub-servicers.

Information including but not limited to: - Median Sale prices for different property types (SFR, MFR, Condo/HOA, etc.)- Average days on market- Absorption rate- Historical data on rents and sale prices in the area- Population growth- Main economic drivers (industries, individual companies, etc.)- Crime stats... if you know specific zip codes/submarkets that you'd like to target, the best data will come from local precincts. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events). 

The plan includes high-yield activities such as property flips and strategic acquisitions to provide liquidity and generate returns.