I am planning on house hacking my two rooms as soon as I can so that I can make use of those two vacant rooms I have.In regard to the Homestead Exemption, I meant to say that if I decide to write-off expenses for tax purposes, I'd lose the exemption since I cannot have my primary residence as an investment property at the same time.

Not sure if interesting, but my buddy just launched a tool to help find off market properties across the US based on tax delinquencies, probate, pre-foreclosures...etc.

I also know many California investors who own a few million in properties, no LLCs, one reason being CA charges a $800 franchise tax per LLC.

Are you most concerned with cashflow, appreciation, or tax benefits? 

Good choice :)Being able to start a journey of deferring that tax will compound for you as long as you keep the new properties or do a 1031 whenever you sell one. 

If there is training by the sales authority: sheriff, tax assessor, attorney, or tax appraisal district attend that to get better insight. 

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Tax payer has to be the same.

Turnkey also works for investors that are absentees if their goal is to park money/defer on taxes.

Then, the permits taking longer than expected, the repairs budget going to the roof, getting new GCs, the property taxes increase, using the wrong debt and investing alone.