Taxes and insurance matter as well, but at least based on the rents, it sounds like a good deal.

The best thing about Stessa is that you can create a tax reporting package at the end of the year to send to your accountant without having to dig through receipts.

Also realize that the amount you finance vs. cash you end up paying taxes on that amount.

What I learned long ago is that real estate investments can offer the following: positive cash flow, appreciation, and tax benefits.  

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

So if you made 10k then $5k of it would get taxed. 

Nevada landlord friendly, low taxes, strong job and population growth with Tesla, Google, Apple in the area.

If your not paying tax's not sure what additional write offs are going to do for U..

It was listing my team had that started out at $285,000 - price kept coming down so it interested me and I am building my passive income portfolio - this has cash flow of approx $1000 / mo after the mortgage and before taxes and insuranace.

I have not yet encountered a tax year where I've had to work through and claim income for flipping, but that is coming up in a couple months.