High property tax, you still get hit with CA state income tax on net income, we are out of state "non-homesteaders" so an exemption we don't get.Im not saying don't buy in Texas, it does offer appreciation potential, but taxes kill Texas rental revenue!!

Off the top of my head, why not live in it and get the homestead exemption so you don't have to deal with taxes, or try to do a 1031 exchange to avoid the taxes by rolling the money into something bigger, or several smaller places?

You will lose a TON of money due to losing its tax exempt status.

@Nicole Heasley sell and take the 121 exemption. 

Has anyone ever invested in medical liens backed by personal injury cases. 

If a property has a change in use that results in the loss of a tax exemption (most frequently losing an ag exemption because of development), some states will claw back taxes for prior years (i.e. rollback taxes).

I am a resident physician, wife medical student.

This is one of three scenarios that are exempt from the typical law governing rental management and from what I can tell, don’t require a brokers license.* People engaged in short-term rentals (31 or fewer days in a dwelling unit in a common interest development

Add in late fee or discount for prompt payment whatver works best for your local area.But this depends what the bankruptcy is ...it's scary how a medical emergency can bankrupt so many people in this country.

I noted this.A Solo 401(k) is not entirely exempt from UDFI.