It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Have you ever directed them to make specific updates that you decided were important?  

If our marketing ever comes to fruition, I will update my notes; however, as of now, ConnectLinx is not a valid replacement for Rentlinx. 

- sales people always stretch the truth and you are ALWAYS talking to sales people when ever you go to a seminar.  

It is one of the best I have ever read.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

For example, if there is some dispute about whether someone has an interest in a property, they can sign over their rights without ever establishing what those rights are if any at all to clear up the issue.

Your largest risk is this winds up with a debt collector and impacts you and your daughter's credit.

I have seen folks get them done, but none have ever said how long it took.I am curious how sizeable is sizeable.

My last rehab was the largest I have ever done and it took 2 months and 1 week.