Be aware of tax implications: rental income is taxed in the property’s state and reported on your California return, with deductions for travel, depreciation, and expenses.

Excited to join the BP community.About myself - I am a principal of a RE development company and co-founder of an proptech company. 

It sounds like you’ve got an exciting plan mapped out, and I love that you’re thinking of starting a property management business while building your own portfolio—that’s a smart move.

We’ve been working towards this for a few years, and it is very exciting to finally see the fruit of our labor!

@Jon Latorre I'm traveling to CR next week.

On module 1, I was excited. 

If you’d like, I’d be happy to connect and help you navigate the Indianapolis market as you move forward.Good luck—I’m excited to see where your journey takes you!

Quote from @Jarret Jarvis: Hi Anca,It sounds like your parents are in an exciting but complex situation—kudos to you for helping them navigate it!

I'm really excited about the potential of investing in residential multifamily properties with my dad, who's willing to contribute the initial funds.We're currently working on getting our financial house in order, paying off debt, and building a solid nest egg.

So Keep your property but don't mid-term unless it is very small house and would appeal to traveling nurses on 3 month gigs.