How does an llc work if I live in Nevada or Texas as my main residence and part time in California?

The structure is mainly appreciation-based, which minimizes tenant and maintenance risk. 

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

This is probably why you want to bring equity back into your US business and any other investor might make the same choice as you.I brought up the challenges to come up with the solution, which was my last paragraph.

My main goal is to find something relatively close to the DMV area but without the DMV price tag.

Lenders stopped allowing rent by the room due to modifications done to the property resulting in functional obsolescence and significant cost to cure in the event there was a default and they needed to foreclose on the home and resell it, given that the main buyer pool for single-family homes are primary occupants. 

My main question is whether it makes more sense to go the seller financing route and pay off the principal in 8–10 years or stick with a standard 30-year loan.My thinking is that the tax deductions from a mortgage wouldn’t outweigh the potential equity I could gain over those 8–10 years.

They said it’s way too small for the price. (3,192 square foot total) 2,200 on the main floor alone.

Bad contractors are one of the main reasons why first time investors never do a second deal.

Do you see why we accountants say "likely" and "possibly" in every paragraph we write?