You can simplify and convert those amounts to incremental equity instead for the active investor.  

If you're using Instagram to generate leads then just create content that simplifies what you do.

When we simplify, it makes sense to hire property management or sell in order to focus on an asset type or geographic area - less time and risk in return for lower returns.Some people throw all that out the window and just want more, bigger, and faster ... forever. 

I simplified the situation to the simplest component.

I'm simplifying the process to keep the post reasonably short. 

This would simplify your life.In general, my rule with the banks is to make the story simple and easy.

If market lease rates for our make-believe building are $20/sf NNN and the target cap rate is 7% then the land can arguably be sold for $1,356,000.00$20 x 15,246 SF = $304,920 gross annual income$304,920.00 x 7% cap = $4,356,000.00 value$4,356,000.00 - $3,000,000.00 construction costs = $1,356,000.00Please note this is a GROSSLY over simplified analysis and there are far more costs associated with a new development than the pure building construction costs and land costs but you get the idea. 

I will appreciate any help on following. 1) Does the above make sense, esp. setting them as disregarded LLC to simplify taxation.2) Would I need to register my CA LLC as foreign LLC doing biz in the state?

I understand how confusing that sounds.To simplify, if you have an LLC for your property and another LLC as an property management company, do you pay yourself as you would a normal property manager?

To simplify what I'm trying to say: I'm torn between leveraging 4 - 5 units, then I'm cash poor for a little while.