This way, you hold onto an appreciating asset without a heavy upfront cash burden.

You’re on the right track—setting up separate LLCs for wholesaling and building can simplify things and offer liability protection, plus putting properties in their own LLCs keeps assets safer as you grow.

Quote from @Jared Khan: Hi BP - long story short, my cash is tied up in illiquid assets at the moment.

I watch a lot of David Greene's YT videos and have messaged him directly and he gave me solid advice - if I'm going to buy outside of California, to go for appreciation states and look at the asset. 

My recommendation would be to setup a living trust so the asset(s) do not need to go through probate.

I think your biggest asset is the 2.25% rate and the 2019 CA property tax basis.

If you are acquiring an asset that will throw off more cash than required to pay your credit card and you have no other choices then use your credit card. 

The LLCs pay the PM company anywhere from 7-8% of the revenue and the PM company oversees the assets and employees my staff.

In Florida, land trusts offer some unique benefits similar to an LLC, such as asset protection and anonymity, which makes them especially appealing in creative real estate deals.While LLCs are often more widely used because they’re familiar to investors and offer clear liability protection across multiple states, land trusts can be highly advantageous in Florida due to the specific protections our state law provides.

Land assets have 3x-ed in last 2-3 years.