Third, I gave them a break on rent and they had an extra $1800.00 that magically appeared in their account.Interested for some feedback, advice, or just a hug?!?

Since it doesn't appear I'm going to avoid the franchise tax in CA, would it be preferential to create the LLC in CA and register it as a foreign entity in OH, so that I can meet both of these benefits you reference, or is the reverse preferred (form in OH and register as foreign entity in CA)?

Pulling what appears to be 2% or less of your equity to do the fix seems reasonable. 

Lots of misinformation appears on BP. 

Google search "landlord/tenant attorney (insert your city)" keep in mind to ask the important questions during your consultation because after you've accepted them for the job they charge from anywhere from $250-$400 an hour which includes; phone calls, emails, court appearances etc.. 

@Aaron BardThey want the $ now and it appears have not considered anything else- so I would walk away.

From your responses it is evident to me that you validate it as an important tool so it appears that it is most likely what I should be using. 

The cash flow is also eaten up by cap ex events (which are absorbed far easier in the higher barrier/more expensive locations where cash flow may not appear as strong).

Since you appear to live in Brooklyn I assume you will rely on a 3rd party property manager.

Hello, before I give my story, my wife and I are looking for a 1-2 bedroom apartment we have a monthly budget of 1750, we both have poor credit, my wife Ariana, Graduated from Brown University last year, she will be 48 in May this year and is currently an Operations Manager II at kent hospital through Sodexo, she makes 75k a year, and approximately 4500 after taxes a month, she has no criminal history, as to our poor credit, we had to choose between paying our rent and electricity during covid, or pay our credit cards, we have never missed a rent payment, and have lived in the same residence for the last 4 years with no issues, we are looking for an apartment because our landlord wants to renovate his building. with that said...I am writing to proactively disclose information that may appear on a background check.In 2009, I was involved in an incident that resulted in a felony charge.