End of the day as a life long RE Broker Investor Developer Lender  it was pretty cool to go into a foreign country take meetings with those that run the country so will see how it all goes and report back. 

It doesn't make sense be in a -$800 a month (at best) while paying a huge monthly payment with high property taxes.

In this case, how and when can we incorporate those expenses into our taxes? 

Is it real that you can save on W2 income taxes if you have a short term rental.

California for example taxes, HOA's, Sale prices all seem to eat any cash flow right out of the gate.

Also your cost associated with holding (utilities paid by landlord or tenants, taxes).

No W2, tax returns etc.

I feel like if I pay 15% bonus taxes, I should be able to write off my car I drive for my business haha. 

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Just like your saved after- tax money in your bank is not taxed each year.