I'm trying to avoid paying SE taxes since I am not actively managing/working at these projects.

An investor would rather avoid the vacancy and basic rehab costs that come with it.

You must roll over every dime to avoid taxation and any recapture.

I am a newbie also down here in Central CA.

The situation is that I have a 4-plex that has a central boiler and wall A/C units, of which they all need to be updated or changed.

Do to many missteps from my current PM ranging from leaving the front door of the property open (over night) to sending rent checks to another client the list goes on.To the point, what would be some recommended ways to give PM the boot and what steps should be taken to do so and too avoid legal ramification?

@Michael Sherwood I am actually in Germany for the next few months but maybe we could connect sometime in the Spring/Summer.I will be in Central NY for the majority of the summer and regularly make the drive through Buffalo to visit family in Oakville.

City living.Two-bedroom with an additional small room that needs some fixing up but that is in a desirable area, centrally located near downtown/lake area.

I'm looking to start in central Austin.

Second would be to query neighborhood folks about their own house, and the word around the campfire (I avoided a house last year because the woman I met in her front yard had a story or two about mold and contractors not being all that satisfactory in response to it (I know, negatives rise to the top more easily than positives do, but still, I became worried and began to fret about big builders).Part of me wants to work harder for a living and do 1-3 fix and flips a year, the other wants to get into a buy and hold so as to use leverage.