I am closing on 3 more SF and 2 more duplex's this month oh and a 6 unit.

So there is no single projected return, no single actual return, no single experience (and it instead is a huge variety).I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Instead of worrying about taxes at this early stage, it may be more productive focusing on finding the right deal, the right funding and the right contractors.

I know of some folks in Cali that may be able to help. 

@Shoaib Ali Chaudhary The background you have now will help you with understanding cost more when it comes to owning a property that might need either a cosmetic turn or fully renovated.

They have helped with some similar issues in the past, but I think they only work with people over a certain number of listings :/You are not allowed to collect the fee through the resolution center?

Take in and absorb as much information, but more importantly take action on it.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

With more than one unit, the biggest difference is that you have tenants complaining about each other and the property picks up more of the maintenance, like lawn mowing.There is a huge difference when you get to 5+ units as those are valued using the income method. 

I am passionate about helping teach others, especially women, learn how to do the same!!