I read news about insurance companies pulling out of high-risk areas, but this week is the first time I saw it affect a deal of mine here in Colorado.My clients were under contract on an awesome STR property in the mountains west of Denver.

The Midwest in general, can be typically like this.At our property management company in Cincinnati we have a significant amount of out of state investors (many in Cali) and they love our market because like you said, there are opportunities for lower priced homes compared to where you live.The biggest thing in my opinion is to find the right Realtor to help you navigate the different neihborhoods in Cinci as I believe it'll be very difficult for any out of state investor to TRULY know what they are getting into without a very good Realtor.Reach out directly to me if you want to chat more! 

We had a small bathroom that was going to be way too dark if we closed off the window, instead we built a custom frame out of pvc boards and had a friends glass company build me a thermopane glass panel that was frosted and tempered. 

The reason I ask is that in most cases you will want multiple LLCs, one for management, one or more to old the properties and then one as a holding company for the others that can hold your cash.

If I have a LLC and use a property management company for my rentals am I subject to the 1% earnings tax?

Depending upon whether they are a bank or a trust company, custodians are heavily regulated by the IRS, DOL, possibly the FDIC, State Banking Commissioner, and the Comptroller of the Currency.

The HOA paid for the repiping and provided the bill so we can send to the after company for the increase in charge.

On my property I call an appliance repair company or plumber once a year and it costs $150-$400. $50/month is more than enough for me right now on my properties.

Of course if you choose to go down this road be sure to choose a company that will be there to bounce investment ideas off of to insure they're compliant. 

As long as you have lived in the property for at least one year then you do not need to call your mortgage company as you have fulfilled your requirement when you got the loan in the beginning.