Here is what we are considering:Amazing 4br, 2.5ba house in an extremely popular area of CA Sierra Nevada mountains, approx 2400sf.

Any other insight on this is greatly appreciated.2) PAYING MY COMPANY AND MYSELF: I’m extremely ignorant as to how I can put myself on the payroll once the home is setup in the LLC.

Hey Biggerpockets Community,I’ve been following this forum and podcast for a few years and finally pulled the trigger on an investment condo in Charlotte, NC earlier this year and have been house hacking my primary single family home for a while.

I’m considering two separate options for the rental, depending on cost/pay off:-Simply reconfigure the layout and make it more functional and appealing to renters.Or-Add square footage (possibly a bed/bath) and hopefully increase the value, functionality, and what it could bring in for rent.But seeing as how this is my first investment property my gut is telling me to play it a little more conservative and let these ideas simmer before pulling the trigger.

We planned on remodeling the house (it was extremely dated), moving in when the remodeling was done in the spring, and selling our suburban house.

The cashflow play on Oahu is extremely challenging.

@Joshua Mitchell I am not sure if you already pulled the trigger on this property or not but it sounds pretty sweet.

We planned on remodeling the house (it was extremely dated), moving in when the remodeling was done in the spring, and selling our suburban house.

It's a whole different beast.LA is unique in many ways: an extremely constrained inventory, an extremely high gross rent multiplier (GRM) in most submarkets, a rent control ordinance, massive barriers to entry in both cost and permitting.All of these can go under "Pro" and "Con" category depending on how you approach them.

We allow pets which is also extremely desirable in this area as well as tons of yard space on the 0.42 acre lot and 1 block over from an elementary and middle school.