IE securing them paying tax's insurance etc etc. 

CA, in total continues to lose 100k's of population and continues to add onerous legislation, including the state rent cap they passed a few years ago (doesn't apply to sfr's though).I am not sure why anyone would want to jump in the deep shark infested waters right before feeding time, unless you have a clear proven strategy, or a very long time horizon.

. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.

Quote from @Hanna Brown: @Jay Hinrichs  You mentioned Oregon and WA made foreclosure rescue lease backs totally illegal.

Question is: if I have one of these LLC (owned husband and wife, in a non-community property state), but it's a just a passive LLC - such that all it does is owns public securities (ie, our brokerage accounts are titled in the name of the LLC), does the same rule apply?

Our lease contains a clause stating the security deposit cannot be used for the last month's rent. 3.

Currently being leased, but expect my total cash on cash return to be above the number I target.

They mentioned having two mortgages on the property worth about $400,000 in total.

Total rent s/b minimum $2,250 but with housing vouches, $2,550

Even if you manage to find an office with an existing tenant, their lease could be approaching expiration, and without plans to renew, it can take an incredibly long time to secure a new tenant for the space.