As we have all seen, Californians are leaving in droves over the past couple of years, and fleeing to Florida, Texas and yep...Arizona.As long as we continue to stay under LAs housing market for affordability, we are going to continue to net those homeowners wanting an upgrade to a bigger house or lot. 

But I see people turning long term or highly appreciated primaries in to rentals.

The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.

It doesn't take long to learn how to spot a good deal.6.

I’m finding a hard time finding comps for a long term rental.

You will both incur long term capital gains. 

Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.

I bought these two houses that were next door to each other with a partner using hard money (3pts, 13% interest, and 1% extension fee every 3 months after the initial 6 month term).