Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Fee's are a little chunky, but otherwise it's pretty spot on for a DSCR, Non-OO loan with a cash-out. 

You are taking on interactions with local government at a much higher level than with a non-section 8 tenant.

Some mortgage servicing companies will allow a "one time recast" meaning the borrower will pay down a large sum and then re-amortize the loan based on the new mortgage amount. 

@Mason Myers, I can't ballpark a cost since my bookkeeping firm doesn't provide tax services but if you plan to grow your REI activities I recommend making a relationship with an REI-savvy tax professional now as you're just starting so they can follow your journey from the get-go.That's what I did as an REI when I was first starting out and it paid off as I continued acquiring properties and needed tax guidance along the way.Once you have more REI activity, a great REI-savvy tax strategist as well as a tax filer will be worth their weight in gold.If you want to chat in more detail about all of this send me a DM. 

Also, Airbnb has essentially no customer service if problems arise.

I am researching a property that is scheduled for tax foreclosure sale in Wilmington, North Carolina, New Hanover county.The law firm that handles the foreclosure for the county says that the property will come with a “non-warranty commissioners deed” but the paralegal could not really explain what that meant.The law firm also says that they WILL sell me title insurance at the time of purchase.

I have a house in Texas and had to move to Michigan temporily for work purpose. I made a wrong decision of renting my house to a known person rather than going professionally with agency. Long story short, my tenant o...

Great choice focusing on mortgage note investing (best way to get into real estate in my opinion).Would love to hear your thoughts on the strategy you'll pursue to get into the secondary mortgage market.What type of loans (1st, 2nd, performing/non-performing, state-specific, etc)? 

They can talk about how much harder it is to evict you than to just non-renew your lease.