I want to buy out of state next but I'm debating if I should sell the home and do a 1031 exchange on another investment property?

I've been debating on getting my real estate license but I get such different advice from everyone.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

., that debate otherwise due to a lot of the appreciation run up from 2008 to 2022.The money isn't really in cash flow, or a quick buck to step out of the W2.

This debate is hilarious especially when mortgage brokers or  hacks get on and can't see the advantage and flexibility Lines of Credit allow you if you are responsible and know what your doing.

My debate is this.As a general statement the rental property cash flow here in Los Angeles is VERY challenging to find.I am looking to buy a property with a detached garage and convert into and ADU for helping to offset to mortgage.Crunching some numbers up on $1M property with and ADU assuming (rough numbers) main house brings $5,000 and the ADU $2,000 I’ll still be negative in the deal after all expenses (vacancy, capex, repairs etc…)However if I will use it as a Sort Term Rental it will be cash flowing beautifully.What’s your take about buying negative cash flow long term but counting on AirBNB to bring in the positive cash flow?

If you're looking for straight up tax savings and tax benefits then I would go with an investment property all day and it's not even a question or debate.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I will have to spend some time debating these as tenants can't afford these increases. 

So don’t sit around debating spending 30k.