No UD action is necessary when they vacate, returning possession back to the owner/management. 

Typically you do not need to give 60 day notice, more like 3 days....law says one thing, but judges may not always follow the law, so I say send it to the tenant, send another certified with return receipt, AND post it on the back the of the front door or give it to them in person.   

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

Operating Agreement is probable, but do they need tax returns? 

The distributions are tax-advantage returns of capital, which makes those distributions even better. 

Just overall returns? 

ARV: $430,000 PITI: $1950 Rent: $2700 Cashflow: $750Equity: $217,500 Cash on Cash return: 9.5% ROI: 150% year 1!

Talking to the folks at Baselane, I learned that Baselane recently polled real estate investors to understand how well they track their rental property performance, including key metrics like return on investment (ROI) and monthly net cash flow.

Total return used to allure me but no more.

there are so many posts on BP by people who plan to take out a loan at 8-12% on a HELOC in order to get a return of 0-6% just to "buy more doors."