This could mean asking double the value a developer might pay for a run-down cottage on a large lot.

Turning a property that might traditionally produce a 7-10% cash-on-cash return into one that produces 15-30% if managed properly.

I'm also from CA but down on the Central Coast, although I spent a good 10+ years in SF proper, Walnut Creek, etc.I primarily invest in Detroit and have been since 2019 (12-doors there now).

The outcome was that I was able to pay my son a good chunk of cash for his hard work and I was able to keep a buy and hold property that cash flows nicely with only $5,000 out of my pocket once it was all said and done.

Tenant pays a monthly fee for this service in lieau of a traditional security deposit.EXAMPLE: you require a $3,000 security deposit.

What happens If the tenet doesn’t pay or wrecks the rental property? 

They will have a hard time with the volatility of the investment and like the other fellow said conviction(and proper reserves) will be how you weather it.

From the single-member LLC, i pay myself 100k last year to max out on the solo 401k contribution, while still having a W-2 as an engineer as my main job.my main job pays me 170k/year (Google)my single-member LLC rental pays me 100k/year (as S-corp structure)my question is regards to the payroll tax, i know I already max-ed out on the payroll tax on the employee side, any additional payroll side as employee will be refunded in my tax return, how about the employer side.

Train them the proper time to reach you 9-5pm and in case of emergency Dial 911 before calling you.

would hurt anything would be it might decrease the number of types of debt you have but I’d just be happier to have less debt and work on building up your credit score in other more positive ways like paying off some credit cards if you have balances on any of them.