But, I could not have legally managed any other properties for the owner I worked for, without getting my license and being affiliate with a broker - which of course would have made my a lot more expensive :-)So, really, in CA or otherwise, though, I think your costs and maintenance would be less in a multi-family apartment building.You will have to be more aware of tenant conflict, though. 

I don't have any affiliation  with ErentpaymenI other than I am a satisfied customer.

I am not affiliated with them.

I was running credit checks through an agency whose name I don't recall now; I think it was affiliated with biggerpockets.com ?? 

(I have no affiliation with the company - just a satisfied customer).Matt

If your tenant cannot be there, then you or someone else affiliated with you needs to be.

It also depends if you are going to do realty part time or full-time, as well as the brokerage you are affiliated with and their rules / procedures.  

I took mine at a local brokers office but I am in no way affiliated with them now.

Later, you (preferably an affiliate of the Exchangor) raises the cash and deposits the cash into your 1031 Exchange account (before you need to close on the replacement property).

Doesn't make sense to continue a long thread that started many years ago...as a lot has changed.Thanks,Mikeps: I left the system in 2016 and have had no affiliation since that time.