I'm New to real estate investing and we are looking to buy our first investment property in the coming months/year.

It doesn’t matter that the property might be in CA or TX.

If the deal makes sense and the property is going to cash flow with where the interest rate is then you should jump on those deals.

I have a house that is a two bedroom one bath property with a decent size lot.

My spouse and I have bought and sold over 20 properties in the Atlanta area over the past 35 years.

So if he is ownership, then he needs to be on.What you probably should have done is created your own LLC and have a joint venture agreement for each property/project.

----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The old property management company said they needed 45 days to close out my account.

Depends on the specifics of the property.

My rental property is in Los Angeles county.