This garage is not an income producing rental yet, but like I said, It’s a nice lot with every home on the street valued at $100K+ detached single family homes.

This garage is not an income producing rental, but like I said, It’s a nice lot with every home on the street valued at $100K+ detached single family homes.

Quick turning properties is a dealer activity and considered a trade or business if it is done with frequency.Better strategies for an IRA will be more passive, both in terms of your involvement making deals happen and in the type of income produced. 

In comparison, traditional electric coils are almost 100% efficient at producing heat, even if more expensive to operate.

(Which happens to have a PM company that I am the PM of) I manage all of the properties that they own, however, they make payments to my business name as "property management"I want to start producing business cards, a website, and really market myself and MY OWN property management company.

By law any security deposit must be segregated away from the income produced by the properties, so it is important that is not used to pay any leasing commissions or anything of the sort your manager might have. 

You'll have a really healthy appreciation for what the PM's do.

We need to produce  2 months of bank statements with  that 23% plus closing costs sitting  in the bank.  

This should be a 2+% producer for us.

Your statement about buying in Ohio,Tennessee, or Arizona out producing Ca is factually wrong.  30 years ago, 20 years ago, 10 years San Fran, LA, and San Diego were more expensive to purchase than the midwest or Arizona.