Consulting with a real estate attorney and a tax professional will help navigate the legalities and optimize tax impacts of owning a rental property in your chosen location.

Maxey,First of all, thank you and I’m honored that you have chosen to use the WealthAbility system and work with our CPAs.

Developing an AI solution would relieve your free contributors from the repetitive questions that have been asked and answered but the user has chosen not onuse the lookup.  

On top of that, is the external contractor you've chosen familiar with tenant occupied properties?

I use a lot of different cards based on the best categories on my spending for cash back/miles, but one under the radar for rental investors that gives 5% cash back on up to $2,000 spending per quarter on utilities category when chosen is the US bank cash+ card.I max out on utilities spending with the card every quarter.

I would not be anywhere near where I am today if I had chosen not to go through a program.

I've tried a few softwares - RentRedi, Innago, and Baselane to name a few and have chosen to stick with Baselane.

I understand that California may not be for everyone, especially if it’s outside their affordability (careful with most of the naysayers, these are usually people who don’t own or can’t afford to invest here) I also understand that there are deals everywhere and one must feel comfortable in their chosen area of investment.

Do you recommend any absolute hard and fast rules to hold the company to or essentially interview them and then if chosen, let them do their thing?

To keep going, join local real estate groups, get a mentor who knows your chosen area, start with small deals or team up with those who know the ropes, and keep an open mind as what you like may change.