How old are you, and what stage are you in your life?

It would cash flow around $700/mo after taxes, insurance, and deferred maintenance.

Hi Michael, I have lived in California all my life where it is not possible to purchase such a nice home at this price point! 

@Philip Olivier You should hire a CPA to make your life easier so the bookkeeping is taken care of.

How can your life be made easier?

I found BP earlier this year and immediately knew I wanted to create a life that would lead to more/better opportunities to eventually invest in real estate.

Growing up I was not sure what I wanted out of life, my way of thinking was "I am only 20, I got time".

Growing up I was not sure what I wanted out of life, my way of thinking was "I am only 20, I got time".

I had good relationships with my Realtor, insurance broker, and contractor.

And he misses out on all the benefits of it being owner occupied, like tax exemption from capital gains because he doesnt actually own the property.I bet he isnt properly insured on the property either, because if he insured the property in the llcs namr, the lender would have been notified of the change in coverage.