So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

This would greatly increase cash flow and create equity.

Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

She prepares all the numbers for me to review and then we discuss issues within the business, create an action plan around them and wrap up.

I like that, unlike with say trading for a hedge fund, I can create opportunities for others rather than solely line the pockets of someone richer (that being said I still intend to make money).

And LA County already has laws dealing with any lot created prior I think to 1924 or 34..

Hi Julia,Do you think the concepts from the BiggerPockets book The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing is outdated? 

We worked with a lawyer over there who is a US ex-pat who created and registered a local LLC for us, which owns our properties.

(Call it 20% federal and 5% state ($15k in income tax, plus the $45k in additional taxes you created.).

I work with many military and out-of-country investors to create a portfolio with turn-key single-family homes and manage on the back end, making it hands-free for the investor.