You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

It deteriorates from there.

If it's gotten to this point, either 1) tenant is a professional scammer - repair and ride it out, but don't renew and don't retaliate, or 2) you let the property deteriorate.

I like the idea of moving somewhere...learning the area a bit, buying a property or 2 (maybe with a local partner) fixing it up and selling it over a years time while I experience the culture...and moving on.It seems completely obvious that the idea of rehabbing and reselling a deteriorated property would exist in any culture or country but I never hear about it being a thing. 

We typically think of depreciation as deterioration, or something that loses something of value along the way.

It was just exhausting, the ones that are really good end up getting busy, and with the more properties they manage, quality starts to deteriorate.

But there is a real strong group of hard working folks that are keeping it from deteriorating into a pit of despair, lots of entrepreneurs and small businesses and with the industrial park we're slowly but surely attracting some job providers... we'll see what the next 5 years brings.

It's a primary residence for now Sure, if the condition deteriorates and its been 2-3 years since a transaction.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.California is a sort of beastly state when it comes to taxes and filings.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.California is a sort of beastly state when it comes to taxes and filings.