California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

There appears to be  no legitimate reviews of the company on their website etc.

Some of them will user Matterhorn software and charge a LOT, but some use other cheaper software.How much research have you done on your local competition?

If everything worked out we would still charge the tenant the difference in rent for the time they have left.

Is there any investor portal that charge once we close our first deals?

Quote from @Jackie Liu: Hire someone to patch and paint the walls, then charge the tenant whatever that costs. 

The fees , permits , requirements add to the costs , so the local government adds fees to the cost , which raises the price of the house , then they charge transfer tax on the total , and then property tax on top of that . 

They will charge you points up front - so say you wanted to borrow. $100,000 - they might say, ok 2 points and 12% interest on your money.  

In Arizona, for example, STR owners generally aren't required to have a liquor license if they're providing a bottle of wine as a "gift," as long as you're not selling it or charging for it.

To add insult to injury, I was charged an additional $1,000 for Flip System providing me this problematic deal.My disappointment continued with the lack of educational value provided by Flip System.