Once I start having some success there, now I don't look at California and get disappointed, now I just enjoy exploring creative strategies and making my network in different states, and talking with amazing people making money in unique ways. 

We all have unique financial situations and a CPA would be best qualified to advise you on whether it would makes sense given your current standing.

@William Philipp so every client has a unique risk tolerance and different income needs. 

In order to receive series LLC benefits, the series must be filed with the Texas Secretary of State, have a unique name from its siblings and parent LLC, conduct business, and be in compliance with the Texas Business Commerce Code and Texas Business Organizations Code.

Just be realistic with the time you have available and then start learning as much as you can via forums/podcasts/folks on here or in person about that specific niche in that area. 

Not to mention you are in a unique position because you intend to invest out of state meaning that you can tap into any hot market throughout the country.

Unique homes on unique properties.

The 5-10 unit multifamily is a pretty distinct financing niche - most options outside of a traditional bank or credit union will likely underwrite it based on the asset not your personal income

Suffice to say, the analogy is doing a paint job on a unique car - but leaving the mechanicals in place without addressing reliability. 

I am currently looking at purchasing a SFH with the intention of turning it into a top/bottom duplex and here's why:1. I have already talked to the city and they are fully on board and are excited to see more housing ...