**The house is far from me.In my eyes putting up with the hassle and getting paid in the long run is better than having to flip the property over to a new tenant.

I'm looking to better understand how folks who live in CA structure their investment entities that are out of state.

The quality of their education on real estate is not better than what you could learn from a few good books from Amazon, and at a fraction of the cost.

If someone is checking on the home 2-3 times per year, you have a better chance at catching this before it gets bad. 

In a year or two, move on to something better, and repeat.

Fernando,You would be better off going DSCR to pull the cash out 75% LTV SFR. 

It's a better spot than people think when looking and you can find a couple and get on a Zoom and see if it's a good fit.Referrals are great as well, but a lot of agents just refer you to someone they know there, not necessarily the best fit for the client.

The second is what looks better.

There are better and more recent cases, particularly on the 1402 side.I think we can all agree that an LLC member is not automatically the functional equivalent of an LP based on any one facet of fact and circumstance. 

This guy bargained the rent with you so you better be on firm ground on whatever you tell him about the animal.