I bought 12 new constructions I Mississippi for Go Zone.. all 150 to 225k.. granted they were all great rentals as rentals go.. covering the mortgage and maybe a bit.. and I spent about 2million on them over 2 years but go zone game me 500k write off each year.. so a tax saving at my bracket at the time of 200k a year that I would have to send to uncle.. remember in those days us HML were printing profits.

Two years is a long time for a hard money loan, so I'm also looking at some other options.One of the primary reasons for going 40+ units is for the budget to pay a property management company.

I fund a ton of distressed assets as a lender and have for going on 4 decades.. so I see the HUDs.. its not my place to get involved at that level.. but its reality.. wholesale really has double commission if not more not less.

Hi there,New here and to the RE investment world.My question:If I buy a property in a different state (say Indiana)/use an Umbrella insurance policy instead of Indiana LLC, and I reside in CA, can I forgo the Foreign LLC cost ($800), or am I still considered doing business in CA? 

@Young T Song mentioned David Green's book. 

You wouldn't want to forgo 9% in returns to get 3% or negative returns in real estate.Also, if you have gains, you would need to not only make at least 9%, you would also have to earn enough to cover the tax and fee consequences of cashing out your stocks. 

@Marc Winter I would probably forgo the Inspection, but not title work.

As for going "all in" with real estate...

Doesn't that help my argument for going for it though? 

We have high income, low income, areas of great appreciate, areas of great income producing, section 8, high rent condos, middle class suburban....it all depends on your goals and budget.Second, I didn't say you couldn't trust comps in Chicago, I said you couldn't trust them in the neighborhood you are looking.Third, there is no substitute for going to the area you are going to invest hundreds of thousands of dollars.