A sub S election will probably block the free stepped up basis benefit though.

Sometimes, I see investors lean into property managers who know the landscape and can “drive for dollars” around the block.

Mello Roos are bonds that are floated to do off and on site development and then added to the tax bill. there is also 1915 act bonds etc.. if there was not the ability to float bonds CA would never have developed as it has as the up front captial for major improvements would have been a major stumbling block..

Most people really don't understand this fact (myself include prior to moving here) and it can trip you up if you don't have reliable "boots on the ground" or a thorough understanding of neighborhoods and blocks.

There are some exceptions to having a pool like if the house is a block from the beach or it's in a downtown area. 

This has pluses and minuses.If your property is bulletproof such as no framing - cinder block construction, cement floors, gloss white paint slapped on the walls and a cheap window mount AC, then you are in a prime position to make money with S8. 

If you get a proven operator that offers sightly less, it may still be a good idea to stick with someone who's been around the block for a while. 

There are better times like right after 2008 when you could buy up whole blocks for pennies on the dollar. 

Recently came across a lake house which we would like to rent out for weddings and event venues. The local Mayor is saying we cannot reuse the space for this. While no formal laws say this is restricted, we are gettin...

And the show Bargain Block really ignited my interest.