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.

It is a very low bar for you to meet, but keep in mind that is also the level of upkeep some S8 tenants might have in mind.

💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.

What you paid for it and invested in its upkeep are not factors for pricing/selling a property. 

Those can still return 4-5% on your money and is without really any upkeep or risk. 

Also impeccable upkeep. 

Hi Daniel, condos can be a great low-maintenance option for LTRs, especially for absentee landlords since the HOA handles exterior upkeep.

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.    

I would hold at least one year and rent out as short term rental,might ending up keeping for 2 years

Before I try to sell the idea to them I'd like to have the best data I can on potential earnings, upkeep costs, likely occupancy, and other points like that.