@Joseph Henry Renting could net you $2800/month and offer tax benefits like depreciation, but you'll face future maintenance costs for the furnace, A/C, and roof.

A cost segregation study looks at a property you own to breakdown the various assets you purchased.The goal is to increase the depreciation expense by finding assets that have an asset life less than 27.5(residential) or 39 years(non-residential).Whether you should get a cost segregation study done is whether you will benefit from the study.Will you be able to use the added depreciation now or in the near future?

Just trying to talk out loud and I dont have alot of "like minded" people around.I agree that the house in Cali is an asset that has the most potential for future scale so it would be hard to get rid of unless there were better options out there.

Between furnishings (2 bedroom), stocking kitchen and bathrooms, outdoor furniture and hot tub, I’ll be around $25k.

It was cheap with minimal renovation, but I’m also using this property to build a solid team so my structure will  be strong enough for multifamily purchases in the near future 

The stock market is returning 6-7% over a long term average.

Determine which units need work done to get them up to market rent, which tenants may be a future problem, and which units you can simply increase rents without major upgrades.Depending on where you are located, the size of the unit, etc. you may be able to get up to $1,800/month in Bridgeport for a 2-bedroom.

We do not want to troll people so since it seems like there has been a lot of discourse and viewpoints expressed so we will be closing this thread but will leave it visible for the community to see for future reference. 

.- Stocking Essentials: We make sure that all necessary items, like toiletries and linens, are available for guests.7.

I also use the spreadsheet below to assign responsibilities and roles for a 50/50 partnership this way there aren't future stones unturned. https://docs.google.com/spreadsheets/d/1n_bMwHPxIYY6WeE_tdCQ...