You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

I would look to house-hack if you are local -or- use this time to build up your financial readiness and see how the next 3-6 months shake out in some of those Midwest markets.

They paid $100 over mortgage but saved $400 month over the previous rent.

Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.

Hello,Our water bill is normally $600-800 for a 10 unit building every two months.  

It needs to be easy to understand, flexible, and cost appropriate for a small start up.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I have been doing some new construction stuff in Ohio, and I'm curious to see how our costs compare to others. 

We know there are multiple venues to get the leads, some very costly others not, some demanding tremendous effort (like going door by door, driving for dollars , or making thousands of cold calls etc.) , others not so much (mass mailings, for instance).

It can rent for up to $6500 to $7000 per month for all 4 units when fixed up.