I do my fair share of $300k-$700k sales here in Los Angeles don't get me wrong, but my easy math brain loves using the even numbers for examples!

I know some investors would give less time, but I have found it easier to work with tenants when you are fair.

Maintaining clear boundaries between landlord and tenant is crucial.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

It seems fair to ask:AZ Contracting Group LLCLICENSE NUMBER ROC 303463This information is current as of 2023-08-20 18:21:35Name : Pace Jordan MorbyPosition : MemberOther Positions : MEMBER7 Disciplined CasesTHIS CONTRACTOR IS NOT ABLE TO CONTRACT WITH THIS LICENSE AT THIS TIME.

Realize you are likely going to use CA Fair Plan (due to fire risk) and that is not cheap.  

What is a fair offer to make to that GC, and what kind of deal should I not accept?

You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.

We recently sold a rental in Columbia, SC and did fairly well.

For primary residences, taxes paid equal 4% of the fair market value of the home times the local millage rate plus any other local district taxes assessed, such as for fire or police, but with a school district tax credit.