This was a surprise because we were told they numerous times they had been.For every project we had received invoices for permits.Looking back me and my partners were very ignorant and stupid not to check for a license number.The project we are currently doing, the 3rd deal we immediately stopped and are now hiring a real licensed contractor.

(Please excuse my ignorance as this is my very first deal.)   

So, the IRS ignores the LLC and treats it as you.  

If I didn't sell real estate, I wouldn't know better and probably would have done it that way just out of ignorance.

People ignore incentives all the time, which is the only reason there are any good traditional landlords of rent controlled properties in San Francisco.)

So you can ignore history and look for cash flow and invest in an areas like Cleavland or Tenessee or you can recognize the unique market of coastal So Cal.  

Failure to do so enables the tenant to plead ignorance of the law as a defense."

I did a decent bit of research and have a list of national lenders that offer loans that ignore PMI if you want, just shoot me a PM.

@Corbin Wafford - you are correct that anything under 5 units is valued based on local comps.That said, I always ignore this rule and I base my MAO as if I were buying a commercial property.

The satisfaction of hunting down and negotiating a great deal.Plus seeing opportunities where people ignore.