Try and compare apples to apples.

@Brian PloszayI don't want to say that downtown LA was a shanty town when I moved here from the big apple.

They list the home for rent, screen applicants with their spidey sense (no legit app procedures) and collect rent on behalf of the owner.  

Being sued by a tenant and financing are distinct from each other and as such should be treated accordingly (apples and oranges, or apples and gorillas).The LLC structure has many benefits in real estate investments.

Purchase price: $20,000 Cash invested: $329,000 Sale price: $473,200 Land Purchase in 2012, New Construction SFR built in 2016: Custom designed bespoke single family home. 3 bed 2.5 ba w/ roof deck, Curb-side Electric Car charging station, Sauna, 4 zone Energy efficient smart air system, HRV whole house fresh air system, Above code spray foam and batt insulation, Commercial grade White TPO roofing system, Triple Pane windows and rear sliding door, One of kind custom wood, metal and glass stairwell fabricated on-site, Phillips Hue smart light pockets throughout (compatible with Alexa, google home, Siri etc) 4 smart thermostats controllable remotely via app and Alexa, Google, Siri.

It's an app for all kinds of handy work.

With the money you'll spend picking up B-rated DVDs that no one else wants in the Wal-Mart clearance bin you could easily have funded purchased of FireTV, Roku, or Apple TV.  

I heard from a mortgage company owner recently that 42% of their current loan apps are from people from California and another 25% of applicants are from elsewhere out of state.

Why would you use a HML that requires 20% down, 2points, app fees, closing fees, and requires a minimum of four interest only payments?

There is also a really good app for mobile use!