Operating within California means you’ll need to register any LLC conducting business in the state, regardless of where it’s formed.

Similarly, quality dividend-paying companies often retain some earnings to reinvest in their business, increasing the company's (and your) value over time.

I've never seen such a mismanaged business.

Let’s break this down:The Pros and Cons of SellingPros:Unlock Significant Equity: Selling would give you $500K in cash (less transaction costs), which you could reinvest in multiple properties in higher cash-flow markets.

To survive, you have to know that is a business however, not a job. 

Investment Info:Office Space commercial investment investment. 100's of completed projects, JC Beal Construction is nearly 100 years in business, Beal Properties manages well over 2000 doors all throughout Michigan and the Toledo, OH area.

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

This will allow you to put the loan into the entity or business name of your choosing.

"Dishonest and fraudulent business dealings".... 

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.