When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

This creates a negative initial position.

In KC I'm using the following splits: A 99k+B+ 75k - 99kB 56k - 75k B-/C+ 48k - 56k C 28k - 48kD under 28k Here is the updated guide by zip codes with the new class of B-/C+ created. 

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

The minimum sheen I would use for any rental is satin (Very rarely eggshell).Does your rate include cleaning fees?

These specialized companies, easily found online or here, will create your company’s SD 401(k) plan.

The thoughts that are running through my mind being this close is creating a nightmare in my mind that needs to be calmed.   

Leverage is key and will create generational wealth in less than 10 years.

Quote from @Renee Everett: Newbie female investor looking to learn more about the BRRR method to create a successful portfolio with my husband. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.