For the life of me I can’t really find a property to flip locally but the ones I’ve bought and held for 2 years have appreciated significantly and if I was to sell some of them now after all taxes, commissions and expenses were paid I’d probably profit about $65,000-$85,000 on the 2 year properties.

NJ is expensive, especially the taxes. 

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.

Encourage them to apply their expertise to navigate and potentially leverage these challenges.Explore how legal frameworks can transform challenges like zoning, regulation, or market fluctuations into strategic opportunities.Capital Sourcing and Financial Strategy:Align your funding sources with your investment goals, ensuring that the financial setup turns potential financial burdens into assets.Guide your decisions by evaluating the potential profit and the worthiness of the investment over time.

Taxes and insurance matter as well, but at least based on the rents, it sounds like a good deal.

The best thing about Stessa is that you can create a tax reporting package at the end of the year to send to your accountant without having to dig through receipts.

Also realize that the amount you finance vs. cash you end up paying taxes on that amount.

So if you made 10k then $5k of it would get taxed. 

Nevada landlord friendly, low taxes, strong job and population growth with Tesla, Google, Apple in the area.

It was listing my team had that started out at $285,000 - price kept coming down so it interested me and I am building my passive income portfolio - this has cash flow of approx $1000 / mo after the mortgage and before taxes and insuranace.