If you are looking for property in San Diego that is going to have good initial cash flow, you are going to either have to identify an obscure value add or expect to spend a lot of time and effort to find good off market purchase (most off market offers are not great). 

Alternatively, some purchasers want to control the process in return for more certainty.For a non-delegated correspondent loan, the loan purchaser will get involved and direct all processing decisions.

I have one for FTW but I want one for Memphos and Houston, the places I spend the most time for business.I dont have a trsted CPA / Atty for this but I also havent asked them. 

Many are spending their money on Christmas gifts. 

The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

The airport had the buildings (from when federal gov turned the land over to the Airport Authority after WW2.) and allowed the current "owner" to spend a few $M improving the buildings.

Plus, you'd have no control over the brand, size, or capacity of any of these units.First, I'd want to see quotes from reputable contractors.

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

Frankly, if you don't keep track of what you spend for business, real tax strategies is not your problem at the moment.

I probably won’t structure my next deal this way, I would rather just own the property and have more control of the project.