@Taylor DaschYou can buy the property in your own name if it's outside the so-called restricted zone.

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

The information contained in this post is not to be relied upon.

And it can work really well for you as long as you pay attention to the statute requirements.In order to defer all tax you are selling investment real estate and buying investment real estate of at least the same value you sold. 

Be sure to utilize tools of the trade for the best information.

Quote from @Zachary Young: Hi all, I am looking into buying my first rental property.

A good PM can assist with initial analysis and either help you buy or knows someone who can help you buy.

For example, if you buy a home for 100k, and then improve the property and now it is worth 200k. 

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.

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?