You want to be understanding and not "kick them out", but at the same time let them know you operate differently than the previous owner and if they would prefer not to operate that way that's a decision they can make.

We have one operating account and one escrow account.

For money judgments, in particular, it’s often worth consulting with an attorney to make sure everything is handled properly and legally—especially when you’re operating remotely.Best of luck with the process, and definitely reach out to the Facebook group for some additional insights!

I've also loved learning about the other 10 markets we operate in.I have two big goals.

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

With flexible terms and fast closings, private lenders make funding accessible to new and seasoned investors alike​​.Plan for Property Management: Whether you manage it yourself or hire a professional, ensure smooth operations by setting clear systems for rent collection, maintenance, and tenant communication.

Where volatility strikes, the superior skills of the investors operations, financing, network can be exacerbated and used as an advantage.

If you have an LLC operating in another state but you reside in CA they make you REGISTER that LLC as a foreign LLC doing business in California. 

Your operating agreement would have to specify exactly what you can do with those monies.