Linda, there was some great advice on out of state investing at the summit this weekend.

These are my focus areas - Yucaipa, Calimesa, Banning, Beaumont, Hemet, San Jacinto, Moreno Valley, Redlands, Mentone, Loma Linda, Nice Areas of San Bernardino and Highland.Maybe I'm doing this wrong or the wrong way looking on the MLS.

At 50% expense, that's a cap rate of about 3.7%, which is competitive with a lot of other California commercial properties, or certain commercial properties everywhere (look up NNN cap rates for Starbucks and McDonald's, for example).The California market is known to usually be about appreciation anyway, not cash flow.I own a 4 plex (2br1b) in Loma Linda CA 92354 with gross annual rent of $40,800.

@Linda Govan"Virtual wholesaling" as you call it is VIRTUAL UNLICENSED BROKERING.

@Linda Hastings - I really appreciate you taking the time to list those out.

@Jason Carter, thank you so much for the welcome!

There is one near you in Yorba Linda. 

@Linda Weygant is correct - if you go just moving money between the two LLCs, then in the event you are ever sued, any reasonably competent attorney will seek to pierce the veil between the LLCs to get at more income.

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

Maybe someone is close and can look at it with you.Good luck,Linda