.- Separate Lease for the Remaining Tenant: If the male tenant wants to stay and can afford the rent on his own, verify his financials.

The goal is to find a way to offset some of the unexpected W-2 income and pick up of a vacation/rental property at the same time.I like the eastern shore, but I’d really consider your actual goals , if you want to own a 2nd home and use rental income to offset it great, if the only goal here is to save on taxes It’s probably just not worth it.

Other cities in LA county have their own rules, some like Santa Monica are the same. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

We own six units ourselves and know about renovations and take pride in where we live, especially when it's someone else's.We're looking for a SFH to rent in the Valley or West LA. 

You of course can utilize both strategies however the adminstrative costs associated with owning the property becomes higher.

While each market - real estate and stock - has it's own risk/return profile, the comfort of owning a cash-flowing hard asset becomes more and more appealing when the stock market gets choppy. 

I will build my own. 

Fear not, because I've got seven creative ways to help you fund that down payment and get you closer to your dream of owning a rental house in Canada or the USA.

Our family owns a home occupied by a section 8 tenant.