Layer on better quality tenants and there are a lot of missed opportunities focusing on metrics that present favorably on a spreadsheet in the lower tier markets. 

However, California may not be the most favorable state for investment due to various reasons such as rent control, anti-landlord legislation, high costs, and high taxes.In this post, I will provide a straightforward process for selecting a city where:Rents outpace inflation: Inflation consistently erodes the purchasing power of a fixed amount of money.

In fact, even if the property were to appreciate to the point where a favorable refinance event existed for @Eli Jerman I would most likely still advise against re-titling the property in an LLC.

Still, it's important to have mine instead since the other title company will never work in my favor.2.

The current offering in Carrollton, TX is an off-market deal with favorable terms. 

The k1 is passive income to you taxed at the favorable capital gains rate.

We're reaching out to other professionals who have done some investing in Alabama or who are very familiar with the market, (i.e. which are the more favorable counties in which to invest?) 

But if someone is pressuring you to make a quick decision that you are not qualified to make, then the chips are undoubtedly stacked in THEIR favor more than yours.

Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

Leveraging a HELOC to fund the down payment and construction can be a smart move, particularly if you can lock in a favorable rate on the HELOC.