Quote from @JooYung Choi: You could consider going for a STR in a vacation market that will give you way more cash flow to pay off the HELOC quicker.

Mainly the panel is in the basement and it would require a ton of work and paying for labor hours + repairs. 

If you do have a TX LLC just to hold a TX property, you still have to register in CA as a foreign LLC, which still means paying the CA LLC tax.

My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.I am looking forward to learning and sharing insights with this community! 

But I need a portal where I can do the following -Customize the tenant application  ( Cozy does not  allow me to customize)- Have tenant Upload Pay stubs, DL, etc. 

I would stay away from section 8, pull credit and background, and call referrals, and look at pay stubs for everyone who applies.

So the turnkey company has made 50k on their flip without needing to pay realtor fees of 6%.

Checking: collect all income here, then use it to pay bills.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

The agreement is that your tenant will pay for any damages they caused.