I've since closed down to focus on other businesses and run my own STR's. 

As far as LLC structures and tax strategies you should find a CPA who has experience with real estate and small business.  

as one who grew up in the land business brokering land in Napa Sonoma Lake Mendo and humbolt counties..

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

But I really see this as just business-  I want the best market I can get into. 

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

The local economy seems to be centered around these types of businesses. 

One thing to consider is that in terms of wealth building and Kiyosaki's Cashflow Quadrant, owing a rental and doing work yourself is putting you in the self-employed quadrant, not Business Owner or Investor.I think there are a lot of factors stacked against California for long term rentals, and I think you know it too! 

In fact, approximately 40% of our business involves the Section 8 program.40%...