The guest house has STR rental history but the other two units would need to be based on projections. 

I have a 100 unit portfolio based in Louisville and Lexington KY mixed between SFH, and 4-8 unit apts.Biggest help for me was their ability to insure closer to the purchase price instead of replacement cost. the team is great and I’ve been happy with the claims process. 

Yes, as S-Corp owners deferring salary into a Solo 401(k), you must still pay FICA taxes (Social Security & Medicare) on the deferred income since FICA is based on W-2 wages, not taxable income.

As others said out of state can be more challenging based on location but local or out of state both can be done. 

If you have any specific questions feel free to reach out I am always happy to help other BP members.

I am based in Virginia and licensing requirements here seem manageable.

Based on what you have explained here and assuming that all of it is true, than you really only have two options to get it rented1.

In the end, buyers would overpay for the actual property based on earnings.

I’m also based in California and invest in Detroit, where prices are far more reasonable, and there are still strong cash flow opportunities.Detroit has a solid rent-to-price ratio, improving economic fundamentals, and plenty of value-add potential if you have the right team in place.

View report*This link comes directly from our calculators, based on information input by the member who posted.