Just started our own firm investing in and managing property in our relatively new (~5 years now) home in Charleston, SC.Happy to be a resource to anyone and look forward to making quality local connections!

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

Good pro tip is to not tell the tenants you're moving into next door that you're the owner but just affiliated with the property manager.

Typically corporate/bank owned homes are managed by an asset management company.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

I can recommend property management, realtor, vendors, if you need them.

I currently manage a portfolio of 17 STRs, some are mine, but a majority for other owners.

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection).