Hi everyone, I am looking to connect with some real estate developers in Los Angeles who do not focus primarily on luxury homes or big apartment or condo developments, more general SFRs.Thanks!

For instance, some extremely high luxury properties are often better off with a top notch management company because they are able to produce a substantially higher rental income than self managing.

I live way below my means to save money, meaning I rent an older, dated duplex, even though I could more than afford to live in a luxury bulding if I wanted. 

I do SFR only, as my rents are about 70-80% of a worn out duplex at the same price, tenant feel more at home, stay longer, and take better care of the places in general, I know thats not always the case, but by and large, thats been my experience, Rehb then with the least CapEx going forward, make them warm welcoming and reduce the stuff that is likely to break, for example, I pull any fans and put in new light fixtures, with LED Bulbs, I use Luxury Vinyl flooring throughout (no carpet) I replace faucets, and mixer valves(at least cartridges) and replace toilets, or at minimum fill valves and flappers, we also put in new switches and receptacles, we never do fridges with water and Ice, my tenants love their homes, they are clean fresh and comfortable. 

The SAFE Act defines the mortgage or equity lending by the virtue of holding a security interest in property collateralized.

  * Have adequate landlord insurance for each of the rental properties  * Have umbrella policy insurance to cover all the rental properties  * No luxury to setup one California LLC per each rental property for cost reason ($800x + extra $$ for CPA/lawyer, where multiplier x is number of properties)  * Actively doing buy 'n' holdBased on these conditions, here is my understanding.California LLC (or its protection) is not good for one or more of the following:  * Single member LLC  * Carry mortgage on rental properties  (risk of due on sale clause)  * Quit claim deed to LLC (risk of county property tax reassessment and transfer tax)  * All rental properties are in the same LLC  (pointless, just like all under our names)California LLC is good for tax write off, including but not limited to the following

If I didn’t have the luxury of the income, it wouldn’t be sustainable, but with the physician income it’s something I think that is worth stomaching.I saw people saying I should invest in commercial for medicine or move to other types of investment.

Replaced the floors in the unit we moved into with LifeProof Luxury Vinyl Plank Flooring.

I would get on thumbtack and hit up a few companies to see what they charge per sqft on some remodels such as luxury vinyl install, paint interior/exterior, bathroom vanity install should be a few hundred bucks, lighting fixtures should be about $100-$125 each, cabinet painting should be somewhere between $400-$800, countertop install you could look at materials online and see how much a local contractor would install for, etc. 

Normally that 500K would be taxable but because you have also lived in the property for 2 out of the previous 5 years that 500K becomes tax free by virtue of your sec 121 primary residence exclusion.c.