Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.

You might be surprised, but your rental properties have more in common with dividend-paying stocks than you think!

Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

They’re “meaner” than me so they charge late fees (I get 1/2), file pay or quits, and increase rents faster and further than I would.

For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin. 

So I did not pay extra for it, but chose it anyway over other places.

If you do have a TX LLC just to hold a TX property, you still have to register in CA as a foreign LLC, which still means paying the CA LLC tax.

One year ago, I was hired to help a landlord whose tenant had stopped paying.