If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment. 

Wells, Citi & Chase), but moving all your money for current rates might not be something an investor wants to do. 

and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

therefore the OP will have a foreclosure on his/his LLC credit record, which would inhibit them from borrowing money for maybe 5 years.

Obviously it will cost money, get some quotes.

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

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In this case, would he actually need to pay any money for the down payment, or does it basically cancel out in the debit/credit line items?

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

You can find online which larger institutions are buying in a specific area and try and reach out to them.