For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

In 20 years, those same houses that you own today will be paid off and worth double what they are now. 

Is it because it's a 2 bedroom or is it because it's in a better location and looks better in online pictures. 

I am wanting to manage maintenance requests but feel I am going to end up doing double entry between two systems.ThanksBrian For our management portfolio we’re on Buildium.

Could they have fetched double that on New Year's? 

This is a double-edged sword. 

Here are some pictures of the properties that I have there to get an idea of the style of properties that I have with parters.

More than doubling in one day did change that a bit, but I am glad I have it and hope it is never needed.I advocate those who have significant assets have the protection necessary to protect those assets.  

Keep track of every property--the address, purchase price/date, sale price/date, profit, rent at purchase, rent at sale, cost to renovate, take before and after pictures. 

It paints the picture of a successful investor who's only constraint is access to capital.