Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We are currently looking for a real estate investor CPA to assist us with tax filing and tax strategies throughout the year.

I honestly belief that investors should stop looking for specic catagoeries/situations of people to find houses to buy, and instead focus on motivation (regardless is their house is vacant, tax liened, foreclosure etc. etc.)Do you really care that you get a vacant house deal, or do you care that you find a high profit deal regardless whether it is a vacant house or not?

Do they include property tax and estimated income tax from the projected profit?

As to the issue of captive insurance subs, I worked in the accounting department of a small insurance carrier, set up primarily as a tax shelter.

I get great tax benefits.

If you are interested in investing out of state I would recommend that you do your research on the area, and build your team prior to purchasing your first property.

I furthered my education by reading "Writing Winning Business Plans" by Garrett Sutton, "Tax-Free Wealth" by Tom Wheelwright, and, naturally, "The Book on Rental Property Investing" by Brandon Turner.

@Ilyas KarzaiInvesting in CA can be very lucrative but as other posters have mentioned there are trade-offs, taxes, costs, and tenant laws.

If Buyer does not receive the Notice, Buyer may terminate this contract at any time prior to the closing and the earnest money will be refunded to Buyer.