Not saying it's correct, but our property management company does not require any documentation like that from owners.

Then, as you scale, work with a bookkeeper or tax firm to set up your QBO file correctly.

Maybe my understanding of the situation is incorrect, and if so I will gladly stand corrected.  

Failing to budget correctly for repairs or not accounting for unexpected expenses can cause you to go over budget.

Keeping an eye on the market and maintaining flexibility will help you pivot as needed.Good luck, and congrats again, seems like you're setting yourself up for success!

All of this needs to align with a motivated seller's ideal image of their perfect cash buyer.Let me explain:When you do a Google search, let’s say for a contractor, you already know what you're looking for, correct?

I agree with that suggestion (if the numbers make sense) as a good middle of the road option to still maintain some SoCal appreciation.

If you buy the next deal correctly you won't damage the inherited property or kill the current cash-flow.

But then it would seem that a condo owned by a single member LLC would be exempt, correct?

Do we really want the government to rely on getting more people to smoke more marijuana in order to do their job protecting us and maintaining our infrastructure and schools?