@Heather Jensen Are you looking to build a house for investment or your primary residence? 

I am interested in setting up a sober living facility in Sacramento though my service will include  12 steps  and random  urine tests does anyone has any idea how to progess  we still  open for franchise opportunities 

Investment Info:Single-family residence buy & hold investment.

@Brent Kiger  Sorry, few more questions:- My residents using Buildium for years.

If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?

Investment Info:Single-family residence buy & hold investment.

Thank youGerman It is the CA Franchise Tax Board's position that an out of state LLC owning an out of state property run by a California resident would still need to register in California:https://www.ftb.ca.gov/forms/m...

Investment Info:Single-family residence buy & hold investment.

Are you establishing residency and/or renting the property? 

You can buy a single family home, live in it for a year, then rent it out afterwards, and that would effectively be an investment property after you moved out, but you also got the more beneficial terms of it being a primary residence loan.You could buy a single family home and rent out bedrooms while you are living there, and that would effectively be an investment property, but again, you have the more beneficial terms of a primary residence loan.I wouldn't get caught up so much on if a property you buy is an investment immediately so much as I would focus on what your goals are and how each purchase would be step towards your goals, whether that is house hacking or just buying investment properties you don't live in.