And @Michael Plaks is correct that setting up in GA didn't avoid the CA LLC fee. 

Our Goal - buy this property with little money out of pocket.

If not, please PM me the email address associated with your your Stessa account and I will work with Stessa directly to get you set up. 

Otherwise, selling and using the proceeds to scale your portfolio locally could accelerate your long-term goals.

Long term goals in mind that I need a track record and capital for! 

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

Also, set clear expectations with tenants upfront so they know how to handle issues like maintenance requests.How do you plan on finding all your contractors?

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.

@Nicholas Stout S8 rents are set by the number of bedrooms, that's pretty much it.The HUD guides are just that - guides!

@Ryan VienneauAre they able to set-up your credit cards as additional "accounts payable"?