Our tax rates are high, and (particularly with the new tax law) there is a lot of non-conformity with federal tax rules  Therefore, even if you do not go with a California CPA you will probably want to go with someone who is very familiar with California tax laws.

Great credit, zero non-mortgage debt, only 2 mortgages. 

Hey there,I've been searching properties in the upstate of South Carolina for several weeks now (and I feel somewhat dumb for even posting this to begin with because I actually own a few rentals and I'm slightly terrified come tax time next year), and apparently I've been running my tax numbers all wrong and not accounting for the 6% non-owner occupant rate.Am I completely missing something or does this seem to kill virtually every deal out there??

This is my first post here, so I hope I don't mess it up :)My name is Hugo Laranjeira and I'm a real estate agent/brokerage founder (Nomad Real Estate) /investor/ all around problem solver in LisbonI wanted to talk a little about how Portugal is a great place for investors right now and, on the other hand, I'd like to ask a few questions about the US.First of all, I don't know is this is well known, but Portugal is today the best gateway to anyone coming to Europe to live or invest due to our visa program.Did you see the news about Madonna coming to Portugal and all that publicity stunt about how Lisbon is beautiful and such?

A non professional said they fail.

the proration requirement is all the gain prorated between all the qualified use (as a primary residence) and non-qualified use (as an investment property. 

Not sure how your MLS system works, but up here in the northeast that is illegal as that would then give the public instructions on how to get into the property and the lockbox codes.

Just as I would not expect an institutional investor to buy and manage homes, I don't think I'll be doing that with the SEP either.Here's my recommendation:Hands-of investmentf: Go with the SDIRAHands-on (or potentially hands-on): Go with a typical (non-IRA) process

Are you good with a non-appreciating part of town if it has good cash flow?  

You can't compare that cash flow vs a non-owner occupied 25% down cash flow.