Since each of your LLCs owns 50% of the holding company, but the holding company doesn’t own your individual LLCs, the IRS will likely treat your LLCs as separate, single-member LLCs for tax purposes.

Keep in mind this doesn't account for rehab, repairs, and reserves necessary to maintain rentals.

Doesn't look to me like anyone in my area is getting a higher rent or reviews because they have quartz over formica.

Why doesn't the owner want to increase rents?""

The no state income tax doesn't really apply when you are comparing to other investment locations.

I tell a lot of clients "Just because there is a product, doesn't mean you will like it" lol!

That doesn't do anything but help people buy homes that probably can't afford to do so. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Unfortunately all the lawlessness, and homelessness in CA doesn't help. 

But a long driveway doesn't help if cars are blocked in by other cars when renters need them to go to work.