I’ve done this numerous times in the past with rentals and had a good experience but now that I have my own place I want to take some extra precautions.

Numerous people have given input on this already so I will just say if you are interested in branching into Minneapolis or Nashville I have some colleagues who may be able to help.

His reports are nowhere near as detailed as Bill Warner's, but he is still a competent inspector.I have to disagree with Pillar to Post (at least in this area); we have had numerous issues with them over the years.

What has been the appreciation of values in the last few yearsOn a map, annotate where are the A, B, C, D category areas (according to real estate agents)What's the situation with titles in the area?

An added bonus it sounds like California I would only need to pay franchise taxes for the holding LLC even if I have numerous additional LLCs.

On the passive side: REIT, NNN, joining SyndicationsIn the middle (not passive, but attempt to minimize the work): turnkey, multifamily with a PM, SFR with PMLabor intensive: notes, self managed buy n hold RE Most labor intensive but opportunity for highest returns: Value adds, BRRRR, wholesale, being the syndicator, being the developer, flips.The last category requires work, but can produce returns in a different league than the stock market. 

Hi I am trying to run facebook ads to get potential distressed / outdated homesI've been trying various categories.

I've watched numerous YouTube videos, have read articles, etc. but when it comes to designing a space or knowing colors/materials it's definitely a weak point.

My first step is to put together a project team as I have heard advised numerous times.

However, if you have a loss (which most people do when first acquiring a rental because of the deprecation), the loss will not be allowed against your W2 income and just carried forward (suspended) until future years.You can have one of you claim the real estate professional category if you don't have W2 income (other other income for that person) and you spend at least 750 hours working with the properties.