Could also potentially get a 2nd behind the first at 2.99%.

Potential ways to spread their tax burden over years as well. 

Doing the first BRRRR out of state is full of risks.  

Smoking is considered a fire hazard, and therefore you do not want to risk the safety of your other tenants or property.

My spouse sees the cash flow coming in but is also worried about the risks that come with it such as having a loan for a property rather than having it all cash/paid off.

It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.

I don't hide from potential clients.

I do agree with you that investors must absolutely consult with their legal and tax advisors before entering into any of these tax-deferral strategies to ensure they understand the potential risks involved, including the risk of being disallowed by the California FTB.  

This isn't much different then investing in the stock market... there is risk and there is reward.  

Do you want to risk further problems for a week's rent?