Hi Edward, I agree that investing in the out of state market may be a better idea in terms benefiting from potential cash flow at a more reasonable price. 

@Christine Aledam LLC doesn't give any extra tax benefit for now.

This gives you the benefits of ownership without the hassles of “landlording” or playing general contractor—in my opinion, it’s a more feasible arrangement if you’re looking to live in one state and own in another.The initial outlay can be pretty reasonable as well.

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

You’ll find more details on how these federal tax benefits work here."

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

As you move up the scale to higher prices, you get more benefits/services.  

Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

I learn best through personal interactions and seeing things being done.Some benefits to the training were:1.