I've managed a number of successful rehabs and put a lot of sweat into them as well.

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.

It also includes managing your existing investment well to ensure you aren't bleeding money due to bad tenants, excess maintenance, etc. 

Self-Storage gets good rent but it can be a hassle to manage & deal with.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It will give you one stop calendar management and automated messaging which is a huge time saver. 

Not overpaying and getting great terms 3. multiple bids/ quotes 4. project management. 

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

Please no politics here, just looking for guidance on what may happen based on your insights so I can manage my bsusiness.