You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

Jordan has helped me identify, purchase, rehab (project manage) and lease my properties in Lubbock - he's worth double his weight in gold. 

If you do what are some strategies that would mitigate risk, upkeep, and whi h markets would be best for that strategy.Thank you

We are looking to do a fair amount of remodeling (eliminating weight bearing walls, complete new flooring, remodeling multiple bathrooms, repaint interior, etc.

Subtracting local taxes, insurance and upkeep - we already have $100k/yr to spend.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

You are a lender (our friend is not) so I’m guessing your words carry more weight!

I put more weight on credit history and income/employment.

I believe the value goes up based on how ornate they are, but any are worth at least something per section, or at the very least their weight at a scrap yard.

It was the same on this one, but since I am at a different point in my career it was less impactful to me personally and I can now weight the interest cost compared to the DIY.