Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

If you’ve been active in the area, I’d love to hear your take—what’s working, what’s not, and anything I should watch out for.Appreciate any tips or advice you’ve got?

While property taxes are higher, the long-term upside is strong for investors looking to build equity while maintaining a solid rental base.If your focus is slow and steady wealth-building, Memphis, Little Rock, and Oklahoma provide great value and predictability.

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

You will need 6 months worth of the payment (including taxes, insurance, HOA) in liquid assets to show an underwriter.Now with doing a rental agreement, do I need to have tenants living in the home first or new prospects lined up before the underwriting? 

According to our understanding:1) California does not recognize REP status, but we could claim it on our federal taxes, is this correct ?

Care to tip me?

You know a similar thing happened in Kansas City (more specifically Jackson County, MO) regarding property taxes in 2023.

PLus after the 10 year tax abatement the cash flow will be severly impacted2.