I imagine LA is just as bad as San Diego, market wise. 

Maintenance wise, less issues and easier to repair (component swap).

Anyone below the 18, is NOT on the lease because frankly, we cannot go after them for anything.Eviction wise, having / not having won't should not be a big deal.

@James Wise You're right, and I'm right too.

For example, sometimes if you look at the listing history for a stale listing, you can see a pattern ... as in, the seller/agent has reduced the list price by $10k every month it doesn't sell for the last 3 months ... then, if you see a pattern like that you can get a feel for if/when it will get down to the ballpark it needs to be price wise ... make a mental note to check back around then, and you can then put an offer in the night before you expect them to drop their price again, with the anticipated price drop, plus an additional smaller price drop to get you a great deal ...

Tax wise, an LLC is pass through (at least today) so your details will be on a K-1 distributed by the LLC.

This is not a wise strategy.

Someone wise once told me that in this business, you should be able to make money with little to no money.

@James Wise @Silvia Hansen @Dave Vitaya @Matt Gibson @David Eichhorst @Gilian Gegawin

What are we looking at loan wise for this?