I'm "retired" and entering the business full-time, while my other partners are at various stages in their W-2 jobs.   

The one thing you don't want to have to do is drag someone around with dead weight and them absolutely hate everything about RE, and it sounds like your spouse is at the beginning stages of RE!

This may be time consuming, but it's most certainly a lower risk way to get your beak wet than syndication or flip funding or some other arrangement where you'll have to place your trust in others, plus I would assume that syndication/flip-funding deals in your area of CA would also have higher capital requirements than other US locations anyhow. 

Hope we all can help you make a decision hereAll projects were already in stages that saw appreciation and the numbers didn't make any sense. 

(STR)I'm researching the best and most straightforward ways to structure this arrangement from a business and tax perspective.

Is it preferable to transfer ownership to the LLC or consider a corporate lease arrangement for the existing property?

The house will be priced at around $870,000 so I am considering spending the extra money to stage it. 

I recently received a notice from the city on the previous owners name to arrange an inspection of the basement as someone reported to city that it’s occupied and it’s not.I would appreciate if you could share how to handle this?

Dont be that property that's listed with subpar finishes, terrible pictures, or bad staging. 

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