There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

I know I will find answers if I keep reading and exploring, but I have a potential deal going right now, so I need the answers sooner rather than later.1.

What was the outcome?

However, every time a showing is scheduled the place is so messy that it is impossible to get inside without tripping or potential injury.

My markets are very difficult I'm finding, even when looking at potential fixer-uppers, the numbers just don't work.

While it's not common for lenders to invoke this right if payments are being made on time, it is a potential risk that both parties should be aware of.Does the Buyer Need Their Own Bank?

If it's in decent shape, I would do a couple upgrades to appeal to potential homeowners (adding window shutters or bark mulch outside, an accent wall, nicer light fixture in living room, etc. etc.)

What was the outcome?

EP #1 doesnt get out of bed unless the deal is $20mil+ and EP#2 is more in the $1-$2mil range and would hope to JV a potential project with others.

I am open to potential collaborations.Thanks!