I know this post is over two years old but curious to see if anyone here pulled the trigger on properties in or around Gardners Basin.

I am ready to pull the trigger and pursue my lifelong passion to fix & flip… the date has been set for January 1st, 2019.

This moment has been coming after over a year of doubt, second guessing, research, learning, stalking these forums, talking to people, etc. and it's so great to have finally pulled the trigger! 

This would trigger transfer taxes and he would more than likely pro-rate the property taxes.

So when you cash refi within the entity, you will have enough basis because of your refi loan to distribute the cash out of the entity without triggering tax if structured properly. 

If I sell the house, will the money from the sell go back into the total mortgage, or when I get the house surveyed, does that trigger a refinance and create two mortgages?

This is a new venture for me and I know I will perhaps not know all there is to know...I need to pull the trigger, I need to come down from the cheap seats and get in the game👌🏽

New layouts, moving walls or god forbid an addition...you’ll tear your hair out with SF’s nutty city approvals, and your neighbors will be all in your business if you’re increasing the size of the home. 

I definitely recommend getting pre-approved to buy so you can pull the trigger when something hits the market.

Note that you will probably violate/trigger the due on sale clause of your loan, if you have one.IMO LLC's are overrated for small portfolios.