I don't like the color although I know some people don't mind it.

However, take a look at your father's tax return and see how much PAL (Passive Activity Loss) may be built up. 

For anyone that has switched from self managing to a property management company...was the peace of mind worth it? 

I am eager to begin my real estate investing journey and connect with fellow like minded individuals who share a passion for the industry!

Hi @Diya RS  - so I've been actively looking in Mooresville and Charlotte, and am in contract in Mooresville on a new build. 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

If anyone here has recommendations or can point me in the right direction to find legal counsel experienced in navigating subject-to-deals, I would greatly appreciate it.Additionally, I'm actively seeking opportunities in the multifamily real estate market.

Teh amount of money saved by doing these activities myself was huge in ensuring the success of the business.

I have a growth mind set and want to learn and share through every opportunity.  

But, it is meant as a cautionary tale to keep in mind when evaluating your situation.