If you want to retire with RE, you might not pay any taxes if you structure your deals correctly and plan correctly to qualify for RE professional( RE pro dont have a limitation of passive loss ) . 

I'm looking to build business relationships with local and non-local professional to help me succeed in this field.

My suggestion: you need professional advice - talk with @Scott Smith.

Hi,I actually started using this forum to help me invest out of state, but found out I need help with my tenants here in LA.I have a 3/2 condo here in LA (near Pasadena) and currently rent it out to 3 young professionals, right out of college young.  

AND HERE'S THE KICKER: Many people know the strength of bankruptcy actions.

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

If you have a professional property mgmt company they maybe able to provide these reports as well.3) Other BP members can correct me if I am wrong, but there isn't a typical expense rate for an area. 

H.R. 1585, Fair Investment Opportunities for Professional Experts Act – Passed in House by voice vote on November 1, 2017.Sponsored by Rep.

In the amendment and in this exact wording we requested "Buyers requests that all work be done by licensed professional/reputable company and copies of all work-orders/receipts for repairs" and "All repairs should be completed on or before 7/16/2018" .

I have got quotes from 2 different companies, they are wildly different in price, but I am still considering going with the more expensive one, simply because it seems like they are more professional and I worry that they will do a much better job than the cheap guy.What do you normally do in this situation?