@Levi PolterI think @Joe White is pretty active in the area as well. 

@William Levi CorcioWe have a satellite office for our brokerage up in Palmdale.

Yes, you have to record the sale and pay excise taxes even if you sell the LLC. 

Originally posted by @Ilan Levy-Lambert:@Varun Parkash: There are several markets with good neighborhoods where you can buy a 150 to 300 K SFR property with a 5 to 6% COC return in an all cash-deal.  

The downside to this is obviously the large hit I will take in terms of income taxes (25% to start) and excise penalty (10%).

@Brandon Levi EaganDo you mind sharing your underwriting?

@Levi T.Zip letters are pressure sealed, official looking mail pieces.

But I do have a clause stating the tenant shall be responsible for any fees/fines/assessments levied against the property by local or or state municipalities/HOA's and so on.

We could not find any outstanding fines that had been levied by Cook county related to this, but are concerned that in the future we'll get dinged for it.

@Eric Levy Bigger Pockets also sells some books that you may be interested in.https://www.biggerpockets.com/storeThe ones I've read I think are very well written and very informative.