Congrats - would you ever buy in this market for pure investment purposes or do you think its mostly just a good market for a owner-use vacation home?

After several months of trying to get code enforcement to clear us and not getting any response from there end, and escalating to a superior who apparently did nothing, we considered the matter closed.

Thanks folks, it seems like overall it doesn’t make the most sense to start an LLC for real estate purposes due the cost and complexity, with few benefits here in California.

Looking forward to some creative responses and hopefully a tax attorney referral! 

. - The payments are now 60-90%, principal, which is great, except for tax reporting purposes in 2023 showing a profit.- 2024 almost much every possible repair imaginable was needed among the units, so the headaches and costs were compounded - now the properties are buttoned up for the most part and we'll probably show a loss for 2024 taxes.- We don't cash flow at all because we were bullish on the BRRRRs and also did some flip rehabs using some of that equity and pocketed it years ago. 

Quote from @Kevin Hilton: Thanks for the response Richard.

And Tenant is responsible for Landlord's reasonable legal fees.And make sure you strictly adhere to these guidelines.

Thank you for your time, and I look forward to your response!

Thank you for your response.

The response I could give you is that it really all depends on location and the type of home.