Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.

And with price and rent appreciation in CA, we feel confident in the long term approach with these properties.

Use a property manager for out-of-state properties or if you prefer a hands-off approach.

This hands-on approach can provide invaluable insights into the industry and your property's performance.Both self-management and professional management have their advantages, as investors have highlighted.

Flipping works well if you’ve got solid contractor connections, while rentals (like single-family homes) can be great with a BRRRR approach.

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

As we approach 25K active listings on the market, we are starting to see a balancing of Seller and Buyer, and some soft corrections are underway. 

JC’s lenient approach is definitely a draw for investors looking to avoid the red tape that’s becoming more common in larger cities.