I attribute this to the fact that property is managed by a colleague of the recently deceased owner who doesn't really give a hoot about efficiency.

My understanding is that only the net portion attributable to you as the owner of the LLC is taxable to you in CA.

If I was asked, I might say the offer sounds low and I would tell the client he may want go back and try to do better, but that it is wholly the client's decision (if it lost him the deal, I would never want that to be able to be attributed to me) and I absolutely would never go start calling other investors and get that involved in the business deal, and DEFINITELY never take a piece myself... ever.

My question is 'who here has succeeded in absence of a mentor' and similarly 'who here has failed and this failure can be directly attributed to the mentor'. 

Realtor.com attributes this increase of housing deals in Tucson to two things: First, the number of retiring boomers moving to Tucson, and second the number of Veterans in the area.

I want to buy more property and all the locations I mentioned have good attributes in different ways.  

FL property.My question is determining best valuation sources of the property based on  the respective tower companies need for filling out holes in their coverage area fora  Macro Site and/or for Small Cell site.Since it was a POP, the structure is Telco grade (SBC Built it 2002) and has vaults and man holes for trenched fiber/easements to surrounding POPs as well as two aerial drops.Its being valued based on local commercial warehouse comparable and no attributes of value for Telco grade & valuable trenched fiber easements w/ conduit in place.if there are resources to determine if there is value as a cell location (macro or small cell; multi home fiber easements) that would be great.

I only know 1 investor who started with them and became successful, but he does not attribute much of his success to Rich Dad.

There is a new wave in recent years (I attribute this largely to the steadily growing post-recession economy of the last couple years) of what I call "hybrid" hard money lenders.  

Sounds like you're sort of doing that to some extent.Gain exclusion:The fact that a residence is rented at the time of a sale does not automatically preclude gain attributable to such use from being excluded under Sec. 121.