I like to keep things as simple as possible, but I was excited to dig into this one because knowledge is power, and the better we understand these things, the more we can use them to our advantage in real estate.So here’s what’s happening—your CPA is basically saying you’re already showing a loss on your taxes because of all the expenses that came with closing, insurance, HOA fees, etc.

No big difference either way.BTW a simple google search says appraisers do not need to see a closet to call something a bedroom.

I personally like radiators, especially steam because the heating system is simple!

Quote from @Makani Donaldson: It is simple, but not easy.Network with other investors.

We need to find a good app/website for them to send rent as well, preferably one that has many things built into it, making it more simple to manage things in one place.

SUBSTANTIALLY.I highly recommend tapping into your equity and accumulating some more assets at these prices, you will thank yourself in 3 years.The best and most cost effective way to do so is a simple cash out refinance, I don't think you should touch your primary, but leverage your investments for sure.

Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name. 

At the end of the lease term, it's a simple as printing that spreadsheet so it shows all itemized deductions from the security deposit.

But my point is that it's not as simple as just finding the cheapest LLC state and opening an LLC there just to save money.

Is simple forget all you know, go to local Investor Meeting meet investor flippers and wholesaler.