(If I manage triplex my self then I won't be in negative cash flow).

Also, when you set up the LLCs, there are managed member LLCS and member managed LLCs.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

I am looking for property management recommendations in the area, and would prefer local managers, but am keeping options open.

For risker applicants, require a guarantor (who is not "judgment proof") to agree to pay for damages and unpaid rent.Unfortunately, you cannot eliminate all risks of loss, so there are times that a tenant may end up causing damage beyond the security or coverage you have to pay for damage, but the above items will help.

So far, I've managed to build a really good team to support my business from agents and contractors to wholesalers and lenders.

if you have mba, you better pursue a management position in Nvidia, Microsoft, Blackrock, or a consulting management company.There's not big money to make in RE using a professional degree.

Licensed Real Estate Broker owns a Realty One Group Franchise and also owns a Property Management firm servicing Queens, Brooklyn, Bronx and Long Island

One important tip for you is that if you decide to hire a property manager, make sure to check if they are licensed.

@Barb F.happy to help - your first rental is a big stepbut... you should hire a property manager - they'll handle screening, the lease, the move in, etc.