✅ Pros: Lower costs, better cash flow, diversification, scalability⚠ Cons: Harder management, reliance on local teams, financing challengesTips:Visit the market first and build a trusted team (agent, PM, contractor).Choose landlord-friendly states with strong rental demand.Consider a low-maintenance property for your first deal.If staying local, you gain hands-on experience, but out-of-state investing can work with proper due diligence.2.

To have your taxes prepared for EACH llc - and YES I strongly suggest you have a tax preparer for your taxes, one that specializes for Real Estate investors. 

Full Disclosure is Required for Non-Accredited InvestorsIf any non-accredited investors participate in your deal, you must provide them with detailed disclosure documents.The SEC states:“[The company] must give any non-accredited investors disclosure documents that generally contain the same type of information as provided in registered offerings.”This is where having a Private Placement Memorandum (PPM) and Subscription Agreement becomes absolutely necessary.A PPM outlines:✅ The risks of the investment✅ The structure of the deal✅ The terms and conditions✅ The use of fundsA Subscription Agreement ensures:✅ Investors acknowledge they understand the risks✅ They meet SEC requirements✅ They legally commit their capital🚨 Not providing these documents could leave you vulnerable to investor lawsuits.4.

If you’re open to it, bringing in investors with clear terms could help you leverage your strong track record and deal flow to expand faster.

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

They're also happy to commit to whatever your closing date is and blow right through it.

One of the strategies I am strongly considering for my first deal is a multifamily house hack.

.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

In fact, many immigrants—including undocumented ones—are earning strong wages in industries facing severe worker shortages.

Why not work with an agent to craft a strong offer if it’s a good deal, don’t just lowball for the sake of lowballing.