So, if you play your cards right, you could live rent free for over 4 and half months in Downtown LA.

Move to the area that provides the most opportunity to be happy (or has a good airport to get you affordably to places to play). 

But it works, simplified, like if you owed $500 to CA but paid state XX $300, then you only have to pay CA the $200 difference.CA may not be able to get blood from a turnip, but they will suck that turnip dry before they let it go.Likewise if you, say, play professional sports for a team in state XX, live in state XX, make $20,000,000 a year, play 1 out of 20 games in CA, they want that 1/20th of that two million taxed in CA...but they will give a credit for the taxes you paid in state XX according to the interstate agreement. 

@Douglas Spence I would rather drink all night and play call of duty while blaming somebody else for my poor financial situation!

Start out by playing defense and reduce your expenses.

His legal advice saved the deal, because if I was left to my own remedies of "good faith" negotiations, I would have played all my cards and been forced to fold.

I have about 150k cash to play with.

If you’re looking to really maximize short term rental profitability and Galveston is your place.I would consider Austin a second runner up since they have such a great music scene and so many festivals. 

I'll play with Rentometer over the next few days and see how far it gets me.I was finding City-Data was cutting off in 2010 ish depending on the area. 

We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.more....To read full article,click link below:https://www.biggerpockets.com/...