That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

Don't make it more complicated than it has to be.

And you don't have Schedule C to deduct the business expense.This might have changed if your RE portfolio was run like a business and/or you have a partnership; the partnership would then deduct the travel expense as an ordinary business expense.As I said, it gets complicated quickly.

CA is an expensive market and regarding tenant laws in my eyes more complicated/difficult as a rookie landlord.

@Ryan DaultonThe SDIRA is certainly more complicated.

As for the addendums go I feel these two addendums just complicate things and thought of removing them entirely. 

They are not complicated ordeals.

And I totally get what you’re saying about finance people—they can make things feel so complicated!

Chris Mason Your idea, though clever, is too complicated.

I know it's complicated, but I just really am looking for help and direction with this property.