If the attorney recommends a set up that involves more than one LLC, get on the phone with your tax person and find out how much that is going to cost you for the tax returns, K 1 forms, payroll processing, etc...

I was able to finally purchase the list but obtaining owner’s information is difficult here where I am (CA). If anyone has ideas or suggestions that would be great!

My phone was stolen at a convenience store at the convenience store that the condo manager recommended. 

They also provide an after hours phone line to report emergencies.

So I'm about to make phone calls to a couple friends who might become private lenders.

They are not good about answering emails or phone calls. 

I did not take away from it the host should be a newbie, but I agree, the host should not be a newbie in real estate.What we found actually works best is when you have a newbie with an experienced person so the information can go deep but also be broken down in a simple way to explain things.  

@Mike LouisPut your name, phone and company nameMy recommendation is to NOT use a gmail or yahoo address and get a custom domain name.Makes you look a lot more legit than [email protected]

Or, as you say, it could be a broken pipe under the slab.

Not because it has broken but to improve stuff.Either way an older home requires more maintenance than a newer build until those systems that wear out are replaced (like the heating/AC)We are 7+ hours from our lake house and we self manage it just fine and have been for the last 6 years.Regarding the LLC, will you be paying all cash for the property?