Zillow lost so much money that they decided to exit the flipping business, while most of the OpenDoor properties we see in Las Vegas are sold at a loss.In my experience, software can only go so far when humans are involved.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

I'm a Ny'er and own a wholesaling business in the Milwaukee Market. 

They have a list of vendors that want to keep them happy because of all the business they do.

@Khaled Seirafi what business would make the mistake of providing BAD references?

I don't Atlanta is too landlord friendly and the demographics shift it harder to do business everyday.  

Colder climates see fewer moves in the winter, and things really slow down around Thanksgiving and Christmas when people are busy with the holidays and family.Second, talk to your PM.

." - Exactly it's a business and there's little grey area when PM is done correctly. 

I would avoid this business model.