If tenants are moving out right after closing, do double check the leases clearly show the security deposit they paid the seller and you collect that amount at closing from the seller (credit to you) so you have those funds to then return to the tenants when they vacant under your ownership. 

Quote from @Yimma Davila-Castro: Hello,I am new, and I did the house hacking and got a few houses, but I am starting solo and would like to learn more to increase my house portfolio and improve my finances So find a market that provides the return you want and buy it .

You will report your rental income on your tax return.Rental income(On your tax return) = Cash-flow - depreciation + principal payments on your mortgage.Therefore, it is possible that this number can be negative resulting in $0 in taxes.

He was overwhelmed at first with all the "insider" stuff: the 1031 exchanges, cash-on-cash returns, and figuring out what an ideal cap rate is, especially in a hot market like Dallas.

I don't have a problem finding deals, and have had good returns on my first property and I think that will lead to referrals down the line but I am trying to scale at a faster pace. 

Incentivism them to get out of the house--we have offered full deposit return (obviously that is done day they leave--draw it up if you need to so they are comfortable). 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

For anyone seeking more predictable returns, these states are ideal spots to consider!

I am inclined to this option as it would allow me to return home to assist my parents and save money while pursuing my law degree.- Does anyone think this is a sound idea?

I was in San Angelo and will be returning mid next year.