I think it becomes hard because of the unknown variables of time toward money output and also keeping up with the laws as they are constantly changing.

Law).

Also, Texas A&M has a great tenant landlord guide to help with most of the laws you'll need to be aware of;https://trerc.tamu.edu/wp-content/uploads/2023/10/Landlord-a...My vote is to self manage our first 5 ish units.

Oh got it, thanks for the explanation.I am not an accountant or attorney but from a  law point of view I believe that as long as the equity is bound in the property it is not realized capital gains so it won’t be taxed.You could structure it as a deferred payment due at some point in the future making it taxable at that point.

Please remember L/T laws differ by state guys!

There are law firms that specialize in this field.

I'm not aware of any law in general that makes it per se illegal in California to use RUBS. 

bone up on Agency and law .. that's 50% or better of the test.also you will have a bunch of practice questions memorize answers.. many times they are verbatim.Getting the license is just like getting a license to fly.. once you have it now you have a license to learn the craft.. the tests do not teach you to fly and they don't teach you how to be an agent.

The note shall be referred after default to an attorney at law for collection if....."

I’ve seen landlords successfully sued for large amounts due to refusing to remove dead trees resulting in injury; not complying with swimming pool enclosure laws; having window frames in such bad condition that window ac units fell out; refusing to disclose existence of toxic mold; not eradicating lead paint; and many more.