@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

Yesterday I went in to the local city clerks office to request a list of properties with code violations.

Renovating properties and focusing on long term rentals has been a solid strategy here lately.Would love to hear what’s been working for others in different states!

Not sure if your property is in that area as you are a bit West.

Looking to possibly start investing with some whole sale properties and land.

In particular, I’m a huge fan of the South Side of Chicago or Northwest Indiana for cash-flowing properties.

Which directly ties into the liability of non-permitted and uninsurable properties built in trees by unlicensed builders. 

Even if the rent is covered, that doesn’t eliminate other risks—a tenant's judgments, liens, or criminal history could indicate past property damage, unpaid debts, or potential issues within the community.✅ ID Verification – Confirms the applicant is who they claim to be, reducing fraud risk.✅ Judgments & Liens Search – Since these no longer appear on credit reports, a separate search helps uncover past unpaid debts or legal disputes.✅ Eviction & Rental History – Even with corporate backing, past rental behavior can reveal red flags.✅ Criminal Background Check – A nationwide search can flag potential concerns.✅ Verified Income Data – If not paid through a company, checking bank deposits ensures financial stability.A little extra diligence in screening ensures you’re selecting tenants who respect the property and the community—not just ones with a corporate letter.

Low property taxes and about 3-4 hours from the bay area. 

I could see this fit into several categories of 'real property trades or businesses.'