By targeting better locations, leveraging Section 8 for consistent cash flow, and balancing low acquisition costs with high guaranteed rents, you've achieved impressive results like $1,100 in net cash flow on a single property.

I may be able to help - what state(s) are your properties located?

Just to clarify, my LLC would have to be in the state the property is located in?

@Christina Galdieri Sorry, the actual location doesn't matter.

This home is located in Anderson, IN.

For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

We also have a team of VAs assisting the leadership team and tracking KPIs so we know if any location is faltering and needs attention. 

Investment Info:Single-family residence fix & flip investment. 176 Wildwood Road is a single-family home located in Sag Harbor, NY 11963.

If it's in a good location anticipated to go up in value, it could be worth it

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.