California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Russ has a lot of creative solutions and uses established case law to work in ways that some of the more "cut & dry" intermediaries do not.

Quote from @Paul Azad: Dozens of threads on BP, like this of excessive risk leading to excessive losses, hopefully nothing illegal, and likely to be more if US slips into recession.  

If you plan to scale at all, that will result in an excessive number of accounts and cards to keep track of.

I was also thinking something along those lines, but I am glad to know that you also think that $50k in earnest money deposit is excessive.

The prices have gone up a bit since then, but the post construction appraisal on a dry lot are coming out to about $375k and rents about $2300 or so.

Fund investors will get their preferred 12% first and then any excess return goes to Dave and his company.  

All I was told was that funding dried up.

If I am losing money on LMHA as a landlord then there should be 10x that number of good people losing their vouchers because they cannot stay in good standing with the excess failures the system has at present.