As long as you keep track of everything and report correctly you should be good to go.I'm always in the camp to Keep It Simple Stupid when it comes to running stuff through LLCs until you hit a certain critical mass of assets and/or income.Hope this helps!

It was a gut punch to see the tenants whose income we were counting on mass exodus the building right after we closed Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Guys get's into REI, guy does well, guy flips a switch to selling hopeium of REI fortune, everything becomes about selling programs, guy goes down in flames after masses say the hopeium is trash. 

Both scenarios are better for you than what you are doing right now --  spin your wheels sending out mass mailers. 

Some investors will just not renew, keep the option money and find another tenant to do it again.You have clearly exceeded critical mass, you buy above median assets.

I didn't miss your point, I'm just not buying the false narrative which certain news organizations like to peddle that there's some kind of mass exodus of people out of CA "voting with their feet".

Any questions i can answer here for the masses? 

Does anyone have a set of questions or things they think through or scripts or anything that helps them approach, talk to, and close on deals with homeowners when they approach them directly (whether through mass marketing, driving for dollars, or otherwise)?

I am from Western Mass (although not that far west, lol), good luck! 

Take AirBnB as an example: no one previously thought that a mass market existed for homeowners to let strangers in their homes, or for strangers to rent their space hotel-style.