Gino if I was betting that is what I would bet on.. also many students will put these in CC then try to get the CC card company to reverse it.. sometimes the CC card company will do that. 

Having said that, prices and rents are higher in the Bay Area in CA than many in the lower-priced states, so it might justify the investment a bit more..

I'm a 25 year banker who is starting a property management company and would love any insights or data anyone would be willing to share.Thank you.

I think BRRRR would be quite challenging as a first deal in an out of state market, but that is just my opinion.

Once you do, you'll have people who'll be able to refer you to the right companies.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

Anyone familiar with rental mgmt companies in and around greater Houston area (TX) that are investor friendly and can recommend to help me market, screen and place qualified tenants?

Hi Lane,My company is a direct lender and we specialize in lending/loans on vacant land.