No accountability and no buyers in an area people are marketing to.

There would be no mortgage insurance and you could use multiple business accounts to increase your income.

Also currently it just caters for LTRs.If you can go past the level of detail I would love to hear any feedback from anyone interested, and especially from any Excel gurus, accountants, investors or tax experts out there with a keen eye. 

Also take into account your willingness, availability, and temperament to navigate the process on your own.

You want proof of deposited payments in a bank account.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

There are over 20 real estate accountants on this site.

Spend $200 and sit down with a real estate attorney and get the scoop first hand on what is allowed and what isn't.This is true for California, Oregon and Washington.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Remember that if you later take over and manage it yourselves, you'll need to start a new account from scratch - your previous reviews with that property manager won't transfer.