This scarcity has driven residential land prices in desirable areas to $1M per acre or more.

A cash-out refinance typically doesn't count as "earned income," which is the type of income that would impact Social Security benefits, especially if it's related to retirement or survivors' benefits.

Earn enough for down payment plus you will then have all of the lenders in your pocket when the time is right to buy your first property.

Hi Chris,We've got a couple of units in upstate New York that are located in less desirable neighborhoods that have high cap rates.

A desire and ability to share their knowledge4.

I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.

If a limited partner is in a tax bracket (earning less than 50k per year) approximately how much would they owe in capital gains after the asset is sold? 

Long term rentals are unattractive in CA imo especially since you can earn a lot more with different rental strategies even doing mid term rentals will still probably be more profitable than doing a long term rental.As far as hiring a contractor or bringing in subs for each item that will come down to how much you want to be involved, you'll save money finding and subbing out individual jobs but it will take you longer and you will need to manage everyone you hire and contract to do business with whereas a contractor will manage all that for you but there will be a premium put onto the price obviously for that. 

Remove the desire to be right.Be able to question your opinions and verify them using actual data, not ego, or the desire to be right.

My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.