Good return & benefit of personal use as well.

That way you can make a quick trip to the property whenever needed and spend no more than 4-5 hours traveling back and forth on a single day.For Bay Area Investors, that basically leaves you with Sacramento and Stockton for driving distance (there are other options, but that's where you'll generally see the best returns) and either Las Vegas or Phoenix Metro for flying (less than 2 hours).Wherever you decide to invest, here's the two main things you're going to need:1) Knowledge of the Market: Just google "(name of area) real estate" and read every single news article on it from the last 3 years.

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all. 

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all.

Seller more than likely is aware of the same things you are that area is in transition and that time to sell is now to maximize returns. 

Business/investment rentals are not subject to this $10k cap as the taxes are deductible on schedule E or the entity’s business return (which likely is a flow through and will end up on schedule E anyway).People were rushing to pay their last property tax in the end of 2017 mostly for their personal residences.

Filing single with no kids looking at my tax return realizing I needed a tax shelter.

I personally won't buy MF in Arizona due to the returns.

Have purchased 4 rentals in these areas and have been very happy with the returns and appreciation.

I'd give them a percentage return on their investment so they can see a favorable ROO and move on.