@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

One thing to keep in mind is that in some markets, including mine, you cannot segregate against Section 8 renters. 

Don’t forget to take into account utilities including internet, lawn maintenance, snow removal, etc. into consideration.

I have experience with multiple turnkey providers including some of you mentioned.

His expenses include EVERYTHING.

Year 2 had some large expenses, including some CapEx items (water heater, roof).

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Is it one investor per deal, then they would act as a private lender and that typically includes a note, deed of trust, loan agreement, personal guarantee, assignment of rents and a few other docs.

This can include sweeping, mopping, and dusting.### Pest Control TreatmentsPest control treatments should be done on a schedule to prevent infestations.

FYI, the golden visa here in Portugal does not include a citizenship/passport that takes 5+1 years, why did Clayton & Natalie Morris recently leave Portugal and return to the states?