A colleague recently closed on a 12-unit property in San Antonio and shared that a 6.8% cap rate, combined with lower property taxes, made it a no-brainer.

You’ve got a sizable asset with stable tenants, but the monthly overhead is making it feel heavier than it should.

If get somebody inexperienced at a discount, you are taking a chance. 

Now the deposit covers up front costs , some materials , overhead and PROFIT .

You do not need a separate LLC for each property or a series LLC!

If you are NOT running a trade or business - 1099s are not required.The main reason why you WANT to be "running a rental trade or business" is your eligibility to claim business overhead deductions, such as marketing, education, technology, and so on.

Joshua Tree is a bit of a tough market as there are a lot of STRs in the area.Be prepared that your first year might be a little thin as you are new and need to build up some reviews to get rolling.The interior is a bit of a toss up.

Say you have a 3% rate. 

I knew that most charities spend the biggest part of the donations on overhead and marketing and salaries of the top admin person/personal.

Google “overhead and operating expenses real estate brokerage” and do a little research.