Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

If people want to live off cash, that's fine.

My other option to house hack is Pittsburgh as I have family there but the property taxes are insane and it seems like the room rental market is very college oriented (I could be wrong.)I'd appreciate any feedback on Hagerstown and househacking. 

@Aubrey FordThis is only numbers which if the numbers are correct then it’s not bad but if the numbers are off it could be an awful dealWe have no clue if the arv is correct or Reno correct etc but if you can make $20k+ that’s great

Typically 6 months of reserves are needed (meaning 6 months of mortgage, property taxes and insurance (and HOA if applicable)).

It may take longer to sell the 16 unit although in my area they are flying off the shelf.

I have lost $ 200,00 on the 3rd deal because they pulled the plug on that deal at the last minute without ever inform the investor to pivot to another deal. 1031 exchange rules are very strict so I had to pay the capital gains tax.

I wanted to ideally use a minimum credit score cut off for tenants since that's something I'm familiar with and know how to interpret, so I'm wondering if you all do the same and if so, what screening service do you use that gives you tenants' actual credit score?

Your challenge will be that the taxing authority has already take about 15% off the actual market value to achieve a "just value" of your property.

Yet, I do not want to run off a decent tenant over a $5 (or any amount) increase.