Tons of house-hacking clients here in Denver and Colorado Springs will share a bathroom when renting by the room, so 1br in your scenario ain't bad, and with an extra bedroom comes an extra $800-$1000 (at least here in Colorado).Good luck!

I have a client interested in purchasing a property, using hard money to also cover rehab cost, and then has a theory to appraise it and sell it to themselves in another LLC so they could pull a lump some without losing real possession of the property.

Hi Caleb Rehg,If you have employees you will have to pay quarterly PAYROLL taxes, but these can be taken care of by a payroll servicer such as Gusto or ADP.Otherwise, if you expect to have a substantial net income from the rental property at the end of the year, you may opt to make quarterly estimated tax payments so that you that you don't get surprised by a tax amount owed with your tax return.

While property management has its place, it is very expensive for the services provided, and the job is really easy to do… so we do it ourselves (for 37 units).  

Working for clients looking to buy in Manhattan Beach, it seems like buyers in both the areas are specific with their wants and with what they spend their money on because of the low turnover and inventory in both areas.

Hi Staci,If you don't have any plans on working as an agent for other clients, I would recommend a flat-fee broker with no commission split.

Search around and you'll find some highly talented tax pros that work remotely with clients all over the U.S.

You can find services that charge $50 per year for this.

Two things keep tenants long term - (1) great customer service, and (2) competitive rents.It sounds like you do a great job of taking care of your properties and the needs of your tenants, so as long as you’re not noticeably higher in rent to your competition you should always be pursuing rent increases.

2000 sf and only two spots - the only thing I can think of is a two person company who does not ever have clients come visit.