Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

The bathroom tile was 4 days labor give or take but he was also knocking out other stuff.  

For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

Construction costs, Labor costs, interest rates and Maintenance costs have skyrocketed over the years.

With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

Yet, many investors overlook simple strategies that can significantly reduce their tax liability.

That 18% premium reduces the cap rate quite a bit.

They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover?

If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud.