I was speaking more to pre-foreclosure making an offer to the owner before it goes to auction.

I had to have laugh at this comment because it's one owners tell STR companies all the time.

A PM spends money differently than a home owner would as it isn't there money.Look at other PM in the area, read their reviews to see which ones are from owners vs tenants.

Low ball some owners and try to get properties very cheap.

More likely you are acting kinda as an Owner/Builder and hiring the Sub-contractors (Plumbers/Electricians/Hvac/Etc) yourself? 

As a small business owner in Real Estate, there is a whole range of things we can do, or not do, that will impact our returns up, down, and all points in between.

My ultimate goal is to make 30k/month income apart from W2, but without working hard like STR owners.  

Greetings,Here is an update on the current Commercial Industrial Real Estate Market in Los Angeles County:Los Angeles Industrial has been an attractive asset type for institutional investors and public REITs for over a decade, as private owners, many of whom are entering retirement years, have been divesting.

You may want to research this a bit more.Most states exempt owners from license requirements, but only if owned in your name. 

One must know to indicate on those forms that the transfer is exempt of assessment tax because it is basically you passing title from one's self (individually) to an LLC (which the person controls).Also, I have used full Grant or Warranty Deeds and not Quitclaim Deeds, as Grant/Warranty Deeds are a sure way to confirm that true owner of a property has the legal right to convey their interest in the property, while a Quitclaim Deed does not have any such warranties or assurances.