So the short answer is yes - if you have net taxable income from a no-tax state but reside in a state that taxes income, there may be income tax due to your home state.Typically, your resident state gives you a credit for taxes paid to other states to ensure your income is not double-taxed but this would not apply to you if all your investments are in states without income tax.When dealing with CA, you'll also want to be mindful of their strict annual LLC fee laws.

The seller hasn't agreed to this yet, but I wanted to ensure that I was correct.

I need information on the most efficient way to invest and capitalize within 6 months to a year at a time.

We have one guy that manages the properties, from fielding calls about clogged toilets, to ensuring tenants are taking care of the property, to scheduling the lawn to be mowed, he is the go to guy.

If not, what systems allow you to be so efficient?

Ensure you invest in an area that encourages short term rentals and won't make an ordinance against soon after purchasing.2.

Now lesson learned: always check public records to ensure all needed signatures are present on the contract and subsequent closing.

Most property managers charge a percent of income collected, ensuring their incentive for collecting rent.

So what that means to me is I want to get real efficient at BRRRRs for passive income and doing flips for active income.

What is the appropriate amount of Umbrella coverage does one need to ensure adequate/robust (but not excessive) coverage?