Quote from @Crystal Smith: Quote from @Jay Hinrichs: Quote from @Paul De Luca: Quote from @Nicholas R Foster: Quote from @Paul De Luca: Quote from @Nicholas R Foster: Hello Bigger Pockets family, hope as is well! 

There's certainly no right or wrong answer, and as you say, everyone has their own opinion, but generally I think you will find most people on this site having the opinion that such an involved structure may be overkill (of course, no one has a crystal ball either).California is generally more cumbersome than other states when it comes to taxes and filings.

This is where your goals needs to be crystal clear. 

I think @Crystal Smith said it best.

@Crystal H.

If your lease allows, collect rent from the tenant for the next 30 days only if you are unable to more quickly palace a tenant at current or better rent.This will incent the tenant to get the place into great shape and allow showings in the meantime.

Nobody has a crystal ball to predict the future but, generally, rates will likely go down, property will appreciate and rent's will increase.Getting experience as a landlord is valuable too...

@Crystal Hawk - You have a couple different options.

I don't like to tell people to plan on a refinance because I don't have a crystal ball, but you have 2 possible outcomes.

None of us have that crystal ball unfortunately, but interest rates alone aren't the only way to determine the future of the real estate market.