That means adding 50% to their pay right off the bat, so a $30 hr carpenter now costs you $45 hr...that doesn't include the rest of the labor burden like payroll tax, etc.And then you will have to manage them...if you do not do it they will take advantage of you in a big way.

They will do things like say "I already have a great property manager in that area," and now for other deals, YOU ALSO have a great property manager in the area.

I'm a property manager and Realtor here in Huntsville.  

Plus those numbers probably include licensed property managers who don’t focus on sales.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Quote from @Lakshmi Maddali: A little about me: I currently rent out and manage a couple of properties to conventional tenants in Maryland.

I'm a realtor,  I currently use zillow rental manager for most of my clients properties. 

I just put it on our roadmap for the FIXnotes website to put something together.Here are a few Note Funds that we will include:- Aspen Funds- Bequest Funds- Earnest Investing LP- NNG Capital Fund- PPR Capital Management- Seveney InvestmentsLet me know what detail you would like us to research & include in the comparisons.

I'm also helping with tenant and propert management issues, etc.

I was the real estate manager for Georgia for the largest AirBnB arbitrage company in the world before becoming a real estate agent here in Atlanta specializing in furnished rentals.