And now they're gunshy on pulling the trigger to close.

I have read a dozen books over the past year on real estate/property management/investing, listened to hundreds of hours of real estate podcasts while I work, and I have my old landlord and my accountant who invests in real estate to bounce ideas off of.I would say I do too much research sometimes and need to pull the trigger - nothing like learning from doing.

What level of improvements would trigger this?

There are also issues with paying yourself a salary versus dividends, triggering an audit.Some states disregard any liability protection for single owner corporations.

Basic hurdles that might trigger the need for a partner in your situation is:A.

How do I transfer a percentage of ownership to my partner without triggering a taxable event or potential issues with the bank?

Usually submitting a package in again will trigger a new BPO.

I finally had some extras cash laying around and needed to put it somewhere so I decided to pull the trigger and buy my first investment property.

Guess in the future you have to be sure of present and repaired values, repair cost estimates and be ready to pull the trigger.

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.