I would love to hear other investors opinion in regards to at what point they would stop looking at real estate so intently and go back to putting money in IRAs or something less time consuming.

Remember to take your wallet and heart out of the repair process, let good vendors tell you what needs to be done, and not nitpick over what should be repaired or not.When it comes to listings, you can hire any real estate agent you would like, or do it yourself, but it's really time consuming.

Btw, look at their consumer affair report to make a point :) https://www.consumeraffairs.com/finance/cenlar-central-loan-administration.html

However; I don't think I was, as my flyer was solely to agents not consumers, therefore; I don't think the same rules apply.

Develop a strong USP helping agents/consumers with their biggest pains on listings, then...Become a PRO member here and put it in your signature! 

It's very time consuming to flip your first ones and time is of the essence.  

I agree it sounds like this would be too challenging and time consuming of a property.  

Land Development is not that complicated but it can be expensive and time consuming and majorly frustrating.... what you think its going to cost usually you need to add 20 to 30% by the time the agencies get done with you  :)

I believe your answer could be found on the California Department of Consumer Affairs website: http://www.dca.ca.gov/publications/landlordbook/wh...After reading it looks like you would have to pay an occupancy tax to the state, and provide room service, maid service, etc to treat it like a hotel and kick them out immediately.

I think we need to start at the beginning and spill the beans as to what is really going on, an LLC, no personal guarantee, second position or further back, is this to a commercial transaction or a consumer loan, buying from an LLC, there is no issue with the number of liens to be paid off, the issue is the dollar amount and the property value.