and condo's are pretty safe from a destruction point of view.. like mentioned above … now a SFR  with Harleys in front and pit bulls on the porch ya I would be a little leary of buying that one sight unseen..  

(Well minus closing cost)View report*This link comes directly from our calculators, based on information input by the member who posted.

Simply view the preparatory time as part of your investment in your future. 95% of the indivulaes in your position fail because they view real estate investing as a way to go from zero to success....this is not realistic, you need cash and a solid income if you hope to increase your odds of success.

(Well minus closing cost)View report*This link comes directly from our calculators, based on information input by the member who posted.

You could screen them the same way you would screen anyone else and verify income and all that, and if it's all good, go forward with it.

Beds/Baths into spreadsheet/software5View propertiesDrive by properties, take pics and view inside windows (if not occupied)6Is Property Occupied?

View report*This link comes directly from our calculators, based on information input by the member who posted.

Does the above copy and paste, using IRR function represent a pretty accurate view of my return?

I have done short term many times but obviously screen closely as they don’t have a lot invested and you want it near perfect when they leave.

@Lee Ripma is correct - as a California resident actively engaging and managing an LLC from California, California will declare nexus and require a registration, a tax filing and a minimum $800 fee each year.Marketing into other states may or may not create nexus (depending on each state's laws, so look them up) and need to register/file in that state, but as @Wayne Brooks indicated, you will most certainly need to be registered in any state where you want to sign contracts and otherwise conduct business in that state.From each state's point of view, anybody who wishes to sue you must be able to do so in the state where the transaction took place so you must be registered in that state with an agent who can accept legal service on your entity, should the need arise.