So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Since I live out of state and there are no nearby managing companies, I decided to sell the home.

But then I wonder if I find a property out of state and form an LLC then I could eventually get away from Ca state tax (more of a cpa question). 

I put 15% down for our deal, and it gives us more flexibility for the future- The template for the Contract for Deed is the general Contract for Deed for the state of MN (where I reside) - We are getting title insurance and ordered a title commitment to confirm there are no liens or claims on the property I feel like I've educated myself on different seller financing, and understand Contract for Deed protects the seller more than the buyer, so I understand why the seller is going that route, especially if selling Contract for Deeds is how they do their business.

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

I only rented for about 5 years over my life and the one major issue I had was bad communication coupled with the PM not knowing landlord/state laws. 

There are three degrees of separation… the 1040 to the K-1 to the 1065 to the 8825.Downsides include the additional tax return preparation fees and perhaps unnecessary state taxes such as California’s franchise tax and LLC fee which can be summarized as money-grabs or pleasure to do business in our state fees.

You may also be eligible for state tax credits based on state, filing type, etc.