Now you have a brand new property that has no mortgage, rents for $2,000 a month with $300 a month in taxes, insurance ect…profit $1,700 a month.

There are only 2 blocks on West Pomona Street and the two blocks total 90 tax parcels.

If you are interested in moving your entire portfolio, would you peel off (tax purposes) or dump everything?  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

But considering all the expenses (PM, leasing fees, cap reserve, maintenance, taxes, etc), it has been showing as negative cash flow. 

I stumbled on some information about short term rental tax benefits as it pertains to lowering W-2 Income. 

What I mean by this is considering how much your down payment returns to your net worth (appreciation, loan paydown, tax benefits, AND rent avoidance).

One thing to consider when you are budgeting is the taxes and insurance.

If it's important to be near the Bay area then maybe consider the Tahoe Reno, NV market because it's only a few hours away if you need to go to the office and it offers a landlord friendly environment, low property taxes, and no state income tax.

My insurance and property taxes are also set up in this manner.