The US Government and the States have but one way to deal with this, taxes.

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

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Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

What would be my best approach, I assume find a private lender and work out some deal with them.

inheritance How did you find this deal and how did you negotiate it?

BiggerPockets has a decent system for finding a real estate broker in any given area.

You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

I am always on the lookout for off market properties around the Sacramento area.

However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.