For your sake I would make sure, if you aren't NNN right now, that you at least have RE taxes protection in your lease.   

However, I have heard and read of many horror stories of landlords working with incompetent property managers who provide no real value.In attempt to avoid this issue, I am doing my due diligence and asking investors for referrals of trustworthy property manager.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

How do you pay for the tax and insurance?

And must be pretty significant unreported income if it would have caused $45k in state tax liability.You advised your client to wait past the expiration of state statute.

Since my adjusted basis is about 50K, am I going to have a $250K gain on my income taxes this year?

Since you're using an FHA 203k loan and house hacking, focus on managing renovations efficiently to avoid delays and unexpected costs.

Yes, property taxes are higher for investors but not terrible. 

If a large investment company wins an auction, SB1079 typically gives you the chance to step in and match the bid within 40+ days.Check your local treasurer and tax collector’s websites—they usually list upcoming online and in-person foreclosure auctions.Hope this helps! 

. - What exactly is the red tape you are trying to avoid?