Investment Info:Single-family residence buy & hold investment.

Don,My negativity is with those who are starting out, have no assets and buy it in their personal name and then transfer it to a LLC that has a holding company LLC etc.

I set up my entities mid 2023 -a holding company in WY and an operating LLC in NJ and have only had start up expenses so far and no income.

Investment Info:Single-family residence buy & hold investment.

I can tell you that in every scenario where I"ve done something unique in an STR, the returns have been much better than I thought they'd be, but there was no data to support it.

House hacking is a possible alternative, but given California's high real estate values, investigating other areas may be a good decision.Houston, TX is frequently seen as a favourable alternative for out-of-state real estate investing for various reasons: Diverse Economy, Population Growth, Affordability, Landlord-Friendly Laws, Job Opportunities etcRemember that success in out-of-state investing often involves ongoing communication, local support, and adapting to the unique aspects of the chosen market.Good luck!

Explore different markets that support the numbers you're looking for. 

Of course, I'm dumbing this down but it's focused on the gist here.Now, I planned on going long term buy and hold in a student housing market with SFH around the $100-150k mark.

I have year round support and they know more about taxes than anyone else I’ve met.

@Holly Ross If you're comfortable holding rentals in that price range Memphis would provide opportunities for you.