That leaves $625/month for utilities (utlilities are real expensive in San Diego) and furnishings.  

You can 1031 like for like real estate.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I want to start investing in real estate but before i can start my journey, i have to prepare.

You can check out the application I built that helps investors, specifically real estate investors find homes in their area.

@Royce Anies Here is the link to the next meetup scheduled for 12/23https://www.meetup.com/NorCal-Real-Estate-Deal-Maker-Sessions/events/zmgmfryzqbfc/

We ask the person who the real owner is and if they are not correct, ask them who they are in relation to the applicant.Good luck!

Outdated, not pretty, some just ugly and others real dumps.