However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

I should have approximately $400K after mortgage is paid off.  

Ultimately after 15 yrs the mortgage has been paid down so cannot complain much.

They have to go overkill crazy like this in order to cover their butts.....Once again, this advice is worth exactly what you paid for it.....

A Solo 401(k) is generally subject to UDFI but is specifically exempted when the debt-financing is used for the acquisition of real property.When a tax exempt has generated either UBTI or UDFI, the tax paid is referred to as UBIT - Unrelated Business Income Tax.

If they do and  If the note is not paid off then the lender can foreclose. 4.

It’s not necessary to stay local for these services as long as you have online bank statements or a solid way to get them to the bookkeeper.

Quote from @Juan Perez: Greetings,My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home.

Friends wanted to rent it and so we did and they always paid on time.

Some companies may include in their contract that property management fees much be paid for the length of the agreement regardless of if the property is sold or removed from their management.