Even if you own a property in TX, you are conducting business in CA because you live here, collect the income here, etc.

Quote from @Hansen Tong: Hi Everyone looking for a CPA in CA that understands cost segregation, offsetting of w2 income through active short term rental partcipation etc. 

@Jay Fayz Do you have a source of regular income? 

In order to execute on any of the strategies from #2, you will want to a work/income history and decent credit scores.

For example, I see newer investors attempting wholesaling or bird-dogging for other investors to generate additional income to invest.

Corporate Income Tax are 24%, however banks and insurances companies are higher with an additional 3.5% Mortgage in ItalyIt's also important to note that there are no Mortgage companies here, everything is done with 1 of the very few banks here.

It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I did quit my corporate job in 2015, but I started working on building a business.