Quote from @Michael Smythe: @Logan M. keep pushing your limits:) One home at a time!

By the time most people come to see a CPA many tax savings opportunities have been missed.

And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.  

Hello,Been a member here for prob 10 years, but just restarted my journey to get into rental properties.  So much to learn but hoping to jump in soon.  I'm in Philly burbs and looking to network through some real esta...

Most blanket loan lenders will allow you to do partial releases so you could sell one at a time.

Eric,First off congrats on making the move into the REI world. 

They just came back into Florida so got a quote from them for a second time (for a second property).  

Many small-institutional investors here and has been for a long time....Some price drops happening as well....

Of course, the Federal Reserve's QT also impacts the supply side and can cause price changes that are not one-for-one with changes to base rates like the fed funds rate.I find it so interesting that you can have spread widening at times when rates are going down.

I regret not doing it but thought I would be more conversation for my first property.