I don't think it's very profitable and even less given the risk.That would leave you with the classic that most foreign investors do: short-term rentals.

Hello,Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property? 

Hello and thank you for responding/helping me to get a better idea of moving forward.So, Yes, I would likely be able to move my main business to a rental location and preserve most of my income.

Im here in Southern California, I wanna know how the market is here in terms of BRRR's and mid-long term rentals.

I've thought about it for a rental property, but it would require an internet connection, conceivably the tenant, in order to provide the feedback from the meter portion. 

Does anyone here run profitable rentals (long term or short term) and would be willing to share some good locations / strategies on getting started? 

I've looked at similar developments in the county and they are getting $400/month sight rental.  

My plan there is to focus on long term rentals.

When the economy tanks, my affordable rentals ($1700-$2200/month range) will be in higher demand.

(B) An Owner may lease a Unit for residential purposes provided;(1) There is a written agreement;I am new to leasing out a unit in LA so I am confused about the following (all rentals would be more than 30 days):1.