Most businesses start factoring in CC transaction costs into their sales prices, so eventually this comes back as a pass-through cost to customers.

But then I wonder if I find a property out of state and form an LLC then I could eventually get away from Ca state tax (more of a cpa question). 

I would like to eventually go PRO but I was banned only a few days after starting to use the site. 

Sure, many investments will be residential buildings or multi-families where there will be no change of use after the purchase, but many investors will eventually get involved in bigger commercial acquisitions.

If you can roll all of that to Florida and eventually move there you can consider the state income tax savings icing on the cake. 

qualified as 1031 exchange properties.(3) If I do this (buy an investment, convert into primary x years from now, then sell x + n years from now), what taxes would it trigger at the eventual sale? 

Both construction and eventual casino I would imagine bring more people to the area. 

You will eventually have a house earning $1,000 a month or even $1,500 a month and the property value will be $200,000 more than you bought it for.Instead of incurring more costs by selling and then buying a new property, focus on keeping this one forever and saving up for the next purchase.

Toledo pretty much offers the same, if you're set on that city connect with @Engelo Rumora Thanks for the plug mate,Hi Ken,We probably won't be able to assist as we offer turnkey and only to cash buyers.Our lowest entry point is $65,000 and that buys a 2 bedroom, 1 bathroom home that will rent for around $800pm.Plus, I'm pissed of with investors and lately and keeping all deals for myself heheI think you are on the right track with the 43607, 43612 and 43613 zip code.I encourage you to take a look at 43609 and select areas of 43610 and 43620.BRRR out of state is a recipe for disaster but since you are in Michigan, it isn't too bad I guess.Even being as close as you are and even if you lived in Toledo, I would always advise to get professional property management.An investors role is just that, to be an "investor".Elevate and delegate...Sure, you can probably manage 1,2 or 10 properties but that can eventually turn into a full time job.IMO, you should focus on scaling as in finding deals, raising capital, buying more properties, growing your portfolio, etc...And not dealing with tenants and toilets.Wishing you much success

The goal is to eventually rent out the entire house, pull equity out of the first house, and repeat the process.