Just make sure to shop around for good DSCR lenders and crunch the numbers to ensure it makes financial sense long-term.

I have definitely thought about investing out of state and plan to explore that option once I can get my feet wet here in Long Beach. 

Typically when you sell the title company requires forms to state if you are foreign or not, your ID, and they want to send 15% or 10% or (20% for long term) to the IRS at closing.

We wouldn't have any plans to rent the garage conversion out long term, it's just mostly extra space for us.Or (in theory, if zoning/permits line up) can I convert the garage to a guest suite without the separate address/utilities?

As long as you don't own more than 50% of the LLC you are not a related party and this could work.  

If that’s the case, I might bring on an investor for a long term ROI deal.

I have a guy that buys single family homes at $150,000 no rehab puts 20-% down and rents it the next day long way to invest but he has been doing it on the upswing and now just refinance the older ones to buy the next ones.

Are you looking for a long term management team?

The rate depends on how long you've owned the property and your income level.3.

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.