RE is really a small business and the number 1 reason that small business's fail is lack of proper capitalization..

Knowing what you are capable of and/or having proper resources can lead to great deals in any market.   

I built my team through networking on places like BP forums and FB groups.I have since moved to Indianapolis from the west coast to continue to grow my portfolio here and have expanded my business to include support for other OOS investors who need the same support I did when I was remote.

That can make it easier to communicate the opportunity effectivelyTo expand efficiently, consider targeting local real estate meetups or investment groups San Diego has a strong investor community.

- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

If local options aren't a fit, expand your search to other markets with strong rental demand.

If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.

They are a bit undersized but perfectly suitable for 1 bedroom apartments and the slight increase in costs is far less than the costs associated with venting the units properly.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.