We put new seed down for grass and rebuilt several parts of the fence.

Having grown up in the Alberta/Cully neighborhood of Portland I witnessed the change and incredible growth the city has experienced since the 2000's, which served to plant a seed and solidify the idea of REI as the eventual "some-day" goal for myself.

It's been unoccupied for 2.5 mths and I'm soaking up the (expensive) expenses.

If you are trying to build a portfolio and need some seed capital, it maybe worthwhile flipping to build that down payments.

The answers have been varied with a LLC mentioned most often.But, because of the $800 annual tax CA imposes, a business trust has been mentioned next most frequently or out-of-state, "foreign" LLC's, which although cheaper to implement can have expensive drawbacks (extra tax return, costs if legal action out-of-state, etc), I've been warned.My seed money is $15K of a $20K non-earned lump sum from Social Security.

Now that I've planted that seed, what'cha got?

Been lurking for around the forums for a while trying to soak in some knowledge. 

I am soaking up all the information I can right now.

If the rental numbers are better, you could even try to pull out $136k so you'd have an additional $16k in your pocket to seed your multifamily with and it would be tax free.

So instead of losing your seed money each time you buy a property, you are instead fixing up the property and then refinancing and getting your seed money back so that you can repeat this a few times a year - Is this correct?