Subject To - Settle on Price, up front cash and terms - points/percentage 3.

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

Being a subject matter expert, not because you are forcing it, but because you simply ARE, shows through, and investors are rightfully attracted to that. 

I stopped reading after reading your subject line...know this:The #1 reason why landlords fail is due to their failure to manage to the lease (Source: American Apartment Owners' Assn). 

You will buy a specific property, in a specific location, in a specific city subject to specific local rules and regulations.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Some of these strategies (though not all, and possibly not the most profitable) are the subject of constant discussion on BP. 

The use case is very important for assigning a subject matter expert.

This will cost money to maintain, cost money to manage leasers, subject you to the will of tenants/leasers should they damage something, should someone get injured, your money will be gone (for now), subject you to the will of the market, interest rates, potential market volatilities.. you will need a lawyer at that amount for sure and a good CPA. 

I have helped a lot of "subject to sellers" purchase their next home.