If you really want to obtain freedom of any kind it’s almost a necessity to beocme the employer instead of employee.

Also as you get more and more units it will probably become a necessity to hire some form of management.

Hey Marty, I appreciate you for asking...I got specific in regards to portfolio lending because of my personal goals in regards to purchasing MF units.Im a newbie but again I am looking to build relationships and if portfolio lenders are smaller lenders than the conventional (Wells Fargo, Chase, etc)--I would prefer to have a working relationship with portfolio lenders.I have aggressive goals, but I also understand the necessity of building a team and have a good network.I hope that make sense and answers your question.Originally posted by @Marty True:@Andre S Walters welcome to REI.

Thanks for the reply, I will get a title search and title insurance which is a necessity.

I had a friend recommend using one when I first rented my house out, not so sure it is indeed a necessity!

I didn't regret but I understand here in Jax and anywhere in FL somewhat I have to put roofing and HVAC works into my rehab necessities because the climate condition (strong storm and salt from the sea).

You would also report the rental income on your California return since California taxes worldwide income, but you may take a credit for any taxes you pay to Wisconsin on your California return.People typically hire CPAs in the state where they live, but that's becoming less and less of a necessity is this age of technology.

A good tenant is one that pays full rent on time and in return I treat them with respect and insure the property is well maintained.No pay no stay is a necessity to survive.

My goals are to scale down to part time as a pharmacist (and scale into a full time real estate career) and make working an option for Silver and not a necessity.  

They were built out of a necessity and not a desire.