Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

I am not at an attorney, but if your "tenant" stops paying, and you try to take them to court to evict them, you're not even the owner of the property.

Germany offers an incredible opportunity for U.S. buyers, and here’s why:1.Stable Economy: Germany is known for its economic stability, even during global uncertainty.

However, the best deals are often off-market, so networking with local commercial brokers and wholesalers in Cleveland is key.For finding investor-friendly agents, check out BP forums, local real estate meetups, or even property management companies, they often know who’s selling.

One question that I'm pondering is, even with the positive growth, how do I determine rental demand in the area?

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

We're relatively new STR owner/operator in Highlands and have been very pleasantly surprised with demand even outside the peak summer season.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Even though it wasn't the answer you were looking for, it is the correct answer.

Either way, I ran a proforma and this looks like a good deal (as long as you don't have too much in the way of rehab/maintenance costs).Also, IMO, you can probably raise rents even higher.