The towns you're targeting—Rochester, Dover, Farmington, and Milton—offer great potential, especially for flipping and buy-and-hold multifamily investments.

I would be interested to see how they hold up.

Before deciding, run the numbers to see how much you’d net after closing costs and fees, and compare that to holding the property with the current rental projections.

Have more reserves that you think you need and also be prepared to hold a property for longer than you may think as well.

Investment Info:Single-family residence buy & hold investment.

House is in Florida - Tampa area  You can trust that the person trying to sublet from you is gonna be long gone when a costly problem arises, leaving you to hold the bag all on your own.

Depending on your financial status and the health of the LLC and investment it holds they may require a personal guarantee, which would also be you signing as your legal name.

Investment Info:Single-family residence buy & hold investment.

ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.Timeline: Whatever a contractor says, add 4-8 weeks and budget for those holding costs. 

As a resident, you’ll still need to pay the $800 minimum annual franchise tax to the California Franchise Tax Board (FTB) for any LLC you own, even if it’s set up in another state.What I personally do is have a holding company (LLC) in California that owns my LLCs in other states where I invest.