If you feel these small issues are a lot to handle, you may want to reconsider whether you want to hold onto this property as an out of state landlord or at least consider hiring a real professional property manager to deal with all of this for you.

Eliminate debt, establish a budget, and save.

If you're going to live in LA forever the first thing you need to do is establish your primary residence - in LA.

It is surreal to look back and see how far I have come with my "Bigger Pockets degree" I owe a lot to this community.  

My understanding is that O.J. used asset protection trusts established in Nevada with spendthrift clauses to protect his assets from creditors...   

There’s a lot to do over the next or so.

This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.

Through connections with people in various markets, I was able to establish short-term rentals internationally, manage properties in different states, and diversify my investments in a way I hadn’t initially planned.A lot of these opportunities came from contacts I made over time.

Additionally, filing establishes a record of your business activities, which can be beneficial for future deductions or tax compliance.This post does not create a CPA-Client relationship.

There is a lot to choose from out there so I am hoping to see what others have enjoy the most.