Welcome to the community and be ready for a huge amount of information at your finger tips.

 - prop 13 basically fixes the property tax.  

So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.

Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.

Tax deliq, preprobate, etc.  

So I do not have a tax filing with the rental income on it yet.

@Allison ParkTwo pro tips to share.1.

In addition cash flow is taxed annually.