After thorough research and initial assessments, I estimate the rehabilitation costs to be approximately $250,000. 

@Abdul QadirTo do well in Dayton, Ohio's real estate, study the market, know the local rules, and plan for extra costs at closing.

In 2023, I received orders to relocate to Beaufort, SC, and was able to rent out my NC home immediately, generating approximately $500 in monthly cash flow after accounting for property management costs.

Requesting Buyer to assist on Closing CostsWe requested the seller to offer cash towards our closing costs.

If you are a flipper, your real estate along with related costs are considered inventory.The bare minimum feature within Quickbooks is to have the inventory feature.

You said cash-flow is a couple hundred dollars per month, but don't forget to factor in maintenance, vacancy, CapX, and any costs outside the monthly loan.

Depending on cost and effort to do this, it may present an opportunity in San Jose.  

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.