Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxes/insurance.

On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate.

That means no Capital Gains, which means tax free.

We would net $94k which is about what we put in.If we rent then our property taxes go up substantially and our total monthly cost jumps from $2900 to $3300 (PITA).

Two (2) parcels in a manufactured home area, acquired through tax deeds and sold on open market with owner financing.A 2/2 condo acquired from the Forclosure action on the courthouse steps.A senior community 1/1 condo from a wholesaler.A senior community 3/2 SFR also form a wholesaler.All have proven to be profitable.

@Alex NgMost likely, income verification will be based on your tax return documents. 

Purchase prices were $1.2M and $715k.DO NOT use Elite Tax Consulting!

In a state with no income tax, I'm getting killed by property taxes of 7K a year for each property.

Other liens like tax liens, mechanics liens, and municipal utility liens will also likely still remain.

Being the nearest city to California, the area is easy to manage, has low property taxes, and is favorable to landlords.