I feel like a long tailed cat in a room full of rocking chairs.

Being a CA resident I have read in articles as you reside in CA even if you incorporate out of state you still have to pay $800 fee to state of California for an out of state LLC every year .

Generally there's a separate code, the IEBC, that's incorporated for existing buildings.

This would hopefully allow us to get some working capital then incorporate SFR's buy and hold, then possibly explore multi-units.

I don't do residential-related work per se, but occasionally we have worked with buyers looking for bulk purchasing.As noted, my background is 15 years in corporate and commercial real estate.

Not ever having had a license to stand behind the chair myself, it was eye opening to learn how hard that career is on your body.  

We incorporated stylish designer finishes and fun elements like a flip-out serve window from the kitchen to the deck.

@Sebastian PapworthI almost fell off my chair reading this and the article. 

What if the lawn chair collapses?

Bryan, you really need to get with an attorney, the particial release is an agreement incorporated in the note and the release is done by a Deed of Release for each parcel released filed after the Deed of Trust.The note itself should be identified as to the type of debt created in the top margin.