Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

The pro forma the builder put on our page shows 11.5% CoC ROI (if you look at the bottom of the page where the ROI is broken out). 

The T12 reads like a story, and once you leanr how to understand a t12 and the rent roll, underwriting becomes much easierBuy on pro forma (yours) borrow on actuals. 

If it has not already happened, your parents need to form a trust and get the properties into the trust.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Form a Texas Series LLC.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

You and your cleaner should form a type of business relationship that will last long-term, which benefits the both of you.

I see many investors form a Holding company in their home state and then set up out-of-state entities in the state where they're doing business.

My soon to be buiseness partner and I are looking to form a series LLC in Delaware.