This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident. 

Purchase price: $28,000 Cash invested: $25,000 Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.

So after working for/being an agent for 3 years, posting almost 1,000 times, talking to countless investors, making this my full time career, etc. 

Thanks Matthew, I too am also interested in this.  

We're right at the start of the process, the chicken and the egg, and a little confused on how to pull this together.Essentially we need quotes to see how viable this actually is, but we don't have final plans to quote from, nor is land purchased.We've looked at Altus, and know what pricing SHOULD be.

I've read a lot of people will buy a property as an STR, put it into service then do a cost seg.

A friend of mine only rents to Sec 8 tenants and he is killing it (I have zero interest in this niche).

What would you do in this scenario and why?

This house HAS A CURRENT lead safe certificate issued by the Toledo Health Department.

What are the alternative choices if you don't pursue this?