Looking at the State of California tax site, it appears I only have to file if my California rental income exceeds $42,366 (I file Federal taxes Joint with 1 dependent, under 65)https://www.ftb.ca.gov/file/personal/residency-status/part-year-and-nonresident.html#Do-I-need-to-file-Am I coming to the right conclusion here? 

So 40% of gross rents at least and that will keep U from cutting checks.

My understanding is that a "tax partnership" is formed by a joint venture regardless of whether a business entity is formed.

Depending on how much land you are going to take up, you can consider holding title with another investor/owner as Joint Tenancy (50/50) or Tenants in Common (with a specified percentage of ownership).

The Migration Trends of 2020, wouldn't be complete without checking out the U-Haul trends.

Another play for the market would be to focus on student housing (several local colleges such as SLU, Wash U, UMSL, Webster U, Lindenwood).

Maybe instead of buying your first investment with an FHA loan in an area you're uncomfortable living in, it's a sign that your capital is better allocated in a joint venture with a partner who is willing to be the boots on the ground doing the rehab.

We file our taxes jointly.

Effectively you could purchase the property as Joint Tenants, and sole ownership would revert to you upon death.

U get over the thunderstorm in an hour or two but not the crimes and homeless.....And the shore is nice here in the summer, we lived in the Bay Area, the water there is just too cold even in the summer.Again, taxes here is insane too, but our school is open and teachers seem to be more diligent too.