They require all cash to buy so the people there have money.

But if you feel like you can learn the same skills on your own through experience and other resources, saving that extra tuition for your first investment might be the better move.

Not much good stuff on the market right now that can cash flow without work and on the MLS the prices don't allow for some extra reno. 

The cash on cash return is only meaningful when you evaluate it based on your long term plans.

Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.

(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

Does anyone know of any real estate brokers in California that offers the MLS-only membership as I don't want to pay all the extra fees to be a part of CAR/NAR.

I find tenants really appreciate that little extra touch on move in day.

On our first house we have a standard key and have an extra key onsite in a lockbox in case for any maintenance and lockouts.

Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.