We can debate later perhaps on whether the FTB's interpretation of the law here is even constitutional and/or would stand up in court (similar to how the prior post diverged), but let's assume it is just for sake of advancing the discussion; in that case I could understand why someone might say that a California resident acting as a member/manager of an out-of-state LLC results in an $800 minimum franchise tax.

Also, Colombia's constitution caps the monthly rent of long term rentals at 1% of the value of the rented property. 

But the government already crossed that line long ago and Americans failed to follow Thomas Jefferson's advice to overthrow it and reestablish the constitutional rights of the individual.

Herzliche Grüße-Andreas* The preceding has been my opinion only, the views are my own, and are intended for educational and entertainment purposes only and does not constitute financial advice.

In Florida, I believe Florida Statute 475.43 is an attempt to prohibit wholesaling.Statutes & Constitution :View Statutes : Online Sunshine (state.fl.us)

(Personally I feel these inspections are a constitutional violation because they are required even if the property is occupied.

However courts have ruled time and time again that in this case 'harboring' does not merely constitute providing a rental apartment. 

What constitutes a waste of money varies from person to person. 

Very routine for investors that borrow private money.I'd also verify the 1st mortgage is being paid and have in the note that any late payments constitute default.

I don't think that there have been enough improvements to constitute that price tag - in fact the house needs quite a bit of repair, which I would do myself.