Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.

I know there is of course no set rule out there but just curious on folk's experiences.Also curious to know folk's thoughts on what the CONSERVATIVE median $/sq ft for the Los Feliz / Silverlake area on LA is.Thanks all!

As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.

We had a call set up for a Monday in December and by Friday we found the house we wanted to purchase through them. 

This property offers spacious townhouse like setting floor plans offering one, two and three-bedrooms.

I can also share some great resources and guides to get you started.Let me know what specifically you're looking to learn, and we can set up a time to talk.

@Joel Bongco how do you go about setting it up for real estate investors?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement.