This move would allow you to keep that long-term asset while using the equity to grow your portfolio—maybe even in a neighboring market.Selling (or Wholesaling):If you decide to sell, keep in mind that closing costs, real estate fees, and possible taxes could eat into your potential profit.

I saw where I can collect rent payments on Zillow, but it didn't say anything about late payment fees, so I'm unsure how that would work.

Small assignment fee

You will pay thousands in relocation fees to the tenant.

@William StromGenerally speaking condos can have higher HOA fees compared to Single Family Homes, so this can sometimes translate to less appreciation, but that can also mean a lower purchase price, so you can sometimes get better cash flow on a condo.

But most importantly, you'd have to pay the $800 foreign LLC fee in CA. - one single LLC - easy for administration, but defeats the goal of asset protection.- trusts - deeding each property to a separate land trust each and then the land trusts in turn grant beneficiary to an operating LLC.

You have to bake the management fee into your deals to make sure they still pencil out (which you should likely do anyway), and you let them handle a majority of the work.

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. 

If you're buying single family homes, the transaction costs are high enough that it's usually the right move to buy and hold.Buy and sell direct or get a license and be the broker….buy cash and eliminate origination fees and other loan costs.     

If they are telling you 2.5+ in origination fees, you can probably find cheaper money elsewhere.   3.