A business is the exact opposite: primarily for cash flow, but you can also build equity as well.

The government would tell you that primary homes have a discounted tax rate and to make up for it they have to tax rentals, AKA small businesses.

If you are "doing business" in CA, the LLC should register in CA as either a resident LLC or a foreign LLC. 

I've always looked to the stock market or starting my own business to one day reach financial freedom but love what I've seen in real estate more!

When it comes to structuring your real estate business, choosing between an LLC and an S-Corp can feel like a big decision—and for good reason.

Hey Marc, this is a tough situation and a good reminder to always have a contract in place for any business dealings.

My business partner and I mainly just work with investors here and we work with first time investors all the time.

Its the less aggressive model but it was programed into me from a young age, keep your business risk separate from the things that you need to live (home, car, food, etc.). 

DSCR will not work as they are business-purpose loans and you will have to sign an affidavit of commercial use. 

You are wise to limit your scope to a particular type of company.I have been in the industry for the past two decades, and from my years in the business, I can recommend a couple of other companies outside of my family.