These notes start at $50,000 to over $200,000 and feature an annual interest rate of 12%-16.7%.

Increasing your rent annually is wise and having your tenants aware of that is important. 

If you’re a California resident, the state will still expect you to pay its annual franchise tax for your LLC, even if the LLC holds properties out of state.

We do semi-annual inspections & check to see if the filters are actually being changed. 

A mentor of mine once said to what you aim for in annual income should be 10% of your portfolio size.

So, you could set it up, fund it, but then decide not to use it, and you'd never get hit with the annual flat fee. 

As a resident, you’ll still need to pay the $800 minimum annual franchise tax to the California Franchise Tax Board (FTB) for any LLC you own, even if it’s set up in another state.What I personally do is have a holding company (LLC) in California that owns my LLCs in other states where I invest.

Make sure you've got cash reserves for closing costs (around 2-5% of the purchase price, repairs and maintenance (aim for 1-2% of property value annually), vacancy periods (budget for 3-5 months of expenses), property management (if you're not self-managing), emergency funds for unexpected repairs.When choosing markets, look for those with stable job markets, growing population, and strong rental demand.

This is why you have the annual reporting requirement when you have 1031'd out of state.  

Rental prices for a 3bd/2ba/2cg home 1500-2000sqft can easily range from $1,800-2,600 per month. 4) Major employers in Central NM include Sandia National Labs, Los Alamos National Labs, Kirtland Air Force Base, FBI, US Federal Government, State of New Mexico, ABQ Public Schools, University of New Mexico, Central NM Community College, Presbyterian Healthcare, Blue Cross Blue Shield, Lovelace Healthcare, UNM Hospitals/Cancer Center/Level I Trauma Center/Regional Medical Center, Netflix Studios & Film Industry, Solar Panel Manufacturing & Renewable Energy Industry, Meow Wolf, Amazon Fulfillment and Distribution Centers, etc.