I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

Here are a few thoughts on what makes for a successful cold calling VA program:• Rigorous Screening & Training:Ensuring VAs have a solid understanding of your target market and messaging is key.

Ultimately though, it will depend on the lender and the availability of funds (assistance) available for the demographic area that you are purchasing in.Do you have a property that you are looking at?

Having the knowledge of what transmutes separate property to community property may be a very important lesson for you, as well as what liability protection can be afforded by retaining assets as separate property, if any.As to the LLC, there are a variety of opinions, but you are correct that generally any LLC "doing business" in California should register with the California Secretary of State and pay the minimum $800 annual fee. 

BTW, a lot also depends on which state you are in .Here in Texas, its much more landlord friendly than other areas.

I’m still learning myself, but I’ve found that connecting with other investors and figuring out which areas of the market to focus on (like distressed properties or foreclosures) can make all the difference.Are you currently looking to jump back into investing, or are you exploring different strategies at this point?

@David Krulac  thanks, out of curiosity I called my insurance agent for flood quote $4442/year for basic building 100k coverage in flood zone area of AE! 

There are definitely areas where you could repeat a similar strategy but with even better cash flow.If you’re ever looking at growing your portfolio elsewhere, I come across off-market deals that could align with what you’re looking for.

If an investor has the time, knowledge, capital and experience to be an active property investor then there are a number of strategies , that, depending on the economic market can be used to accelerate wealth building.  

I’m looking into buying a rental(s) in this area.