This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

@Marcus Amison, that is a question for a real estate attorney in the state you intend to buy property in.

I am a broker helping people buy.

I'm not afraid to buy, in fact I hate money sitting in the bank doing nothing for me.

It depends on the number of properties you want to buy.

I'd rather try to retrain them and keep them then have a turnover right when we buy the property. 

@Jennifer Patton,Have you thought about buying a quadplex?

Pre-construction are the best deals in that you can buy much cheaper if you buy early enough, which gives you a much higher ROI and give you equity from the get-go.

I'm also looking at the area like the OP (evaluating a potential buy and rent here), but not familiar with conditions on the ground.

One other thing is that I paid a lot in points to buy down my rate which made the mortgage initially expensive… It will also take a while to refinance (a couple years) so I don't want to wait fully for that option eitherIf my tax rate is 30%, is it right for me to think that the cost of paying interest is ~5% instead of 7%?