@Uendy Garcia Keep in mind the $30k will be taxed - state, federal and FICA.

I decided not to go that route and start looking for a good PM in Kansas City to buy some cash flow houses through and manage.

I am currently Investing around the Phoenix area from out of state, it looks like you need someone in Arizona on paper to manage your properties. 

When they fail to pay in full, give them your state required default letter and take them to court.

I would be firm with the agent that you want wording that states something along the lines of "property is currently used as a successful midterm rental for 30+day stays and financials are available upon request."

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

This is based on limited no. of States - couple of states including FL mainly.I am very close deciding not to pursue rental property with any HOA and/or CDD.

It is in multiple states.

. - they have 3 local and 3 out of state long term rentals.- the 3 local need a lot of work, she has been cutting rent due to not having updated flooring, appliances, etc.

Hi Becca, I am in Modesto and invest out of state - several states.