You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

Here are some information about my situationPrice point: < $80kLoan: 20% down (to avoid PMI)Goal: Be cashflow positive after expenses, hoa's, taxes/insurance.So far, I've noticed that the condo properties I have analyzed, there is one that will squeak out $125-$175/month in cash flow.

Called the realtor ever time that I got notice on door.

A second question would be does the lease count as 30 or 60 day notice whichever is required in your area. or would you have to give the notice after the late payments that in the future rent would be going up?

Walking through the kitchen last night, I noticed a mouse trotting towards the back of the refrigerator.

Give @Andrew Postell your tax returns before you give up on a good 30YF Fannie loan.

I’ve noticed some have financials available on their site and some don’t.

HI  Bigger Pockets,I'm eyeballing a property for my to househack in Journal Square NJ.I noticed there is a indent in the front of the house where 1 Compact SUV size car would be able to sit without blocking the sidwalk. 

I talked to a broker this morning that says she doesn't go through the banks and goes straight to Fannie and Freddie. 

And remember govt backed mortgages (Fannie Mae, etc) forbid STRs, so be careful on length of stay.