This does make this situation a little unique because she would still be living there even though I plan on buying it from her and putting it an LLC.

Hello BP,I am in a very terrible situation right now. Six months ago, I purchased my first home and investment property; a duplex. It was originally a single family home, but the seller had converted the carport into ...

Multi-family trends is not unique to FL; IMO, if the multi-family numbers work, it's a buy.

The biggest risks that I see that would be unique to investing out of state is not knowing the neighborhoods.

A ton of natural light from the unique front windows.

What is unique about our situation is once you can get your primary house paid off you are able to pocket the TAX FREE housing stipend we receive.

So try and find something a little unique that can give you an edge if you are starting. 

Also, since I see you are in California, know that both options are subject to the $800 minimum tax, but California is unique in that it has a 1.5% tax on S-corporations so it is not a completely pass through entity as it is in most states. 

After working wtih many CRMs and REI's throughout the country, what I have learned is that the most successful companies have a unique, efficient, and disciplined process.

And honestly im in a unique position where the little downtime i have is spent visiting my parents or girlfriend.