Remember you must also qualify for the entire loan on your own. $370K       Purchase Price$37K         Down Payment$333K       Loan @ 3.25% interest    $1450 a monthTaxes                                              $400 a monthHOA Dues                                        $400 a monthTotal plus or minus payment           $2250 a monthMinus renting two rooms                 $1600 a monthYour costs would be only                   $650 a monthYou can use these numbers for any property in Orange County or California for that matter.The next thing you must consider is location, location, location...This is what may drive up the price of the homes you are looking at and why it may not work for you here.Good Investing...

There are ways to get around the CA franchise fee for out of state properties by using trusts that are exempt from the fee.I remember that one of them was the use of Delaware Statutory Trust to hold the foreign LLC.

I too built a network in a remote state two years ago and remember getting started. 

Just remember: most negative reviews are written by problematic tenants.

@Joe BeYes, you can purchase a probate property through the regular MLS purchase that includes not only using the regular purchase agreement but also the probate purchase agreement.If you do send marketing material to attorney's remember that the probate attorney represents the PR (Personal Representative) and the PR represents the estate..

If you choose the investment property, remember that you need to reevaluate your cash reserves balance because you will likely want to budget for the same number of months of debt service/repairs.The one thing I would say is the "wrong" thing to do is pay the loan down but not off.

You also have to remember, the government is always changing mortgage laws too, so you will always be making adjustments as you go no matter what :) 

Just remember- it will need to make sense to underwriting in terms of distance to work/if you can work remotely, etc...

But i travel a bunch, or did prior to the Virus had to cancel 4 trips so far :(I remember during the GFC  we got a 14 day all inclusive at 5 star in costa rica for i think it was 2900 bucks..

Why can’t it remember or allow for defaulting certain values?