This can take patience, while SLLC have been around for awhile they are still not a "normal" transaction for bank staff. 

No more transactions. 

Generally from the day you purchase a property through the day you sell it (in a taxable transaction), you'll be taxed on your net accretion of cash flow over that time period.The timing of when income is taxed is likely going to be much different than when the cash flow is received though. 

Granted that relationship likely took years and a few transactions to cultivate.The 3 biggest mistakes I see new investors make when "shopping":1) Tunnel vision on the interest rate. 

I never actually transacted with them though, and was hesitant to do so because of how new the company was at the time..

We also use a trust structure to help protect the transaction when needed.I do agree with you that having the dollars to pay off the mortgage if something occurs is best practice. 

From charging a flare fee then transaction fees for every check, wire transfer, annual tax reporting etc.

Just for kicks, i looked up a few sf properties sold last year and see that land ranged from 40% to 60% so without knowing your property specifics, dunno why your land would be assessed 70%all i can suggest is look at comparable sales and see what the ratio is and then appeal using that dataalso i remember many years ago, a home was assessed higher than the transaction amount and after failing to reach agreement with assessor office, the homeowner reached out to the different elected city reps.

Fingers crossed that your next one goes this easily. 

It is good practice to obtain the L&I affidavit of continuous use from the seller as this can sometimes improve the chances of securing the rental license even if more than 3 years has lapsed.To demonstrate the uncertainty of L&I when rental licenses have lapsed for more than 3 consecutive years I will share a recent transaction of mine.