California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.

Mind Excess Business Loss Rules.

Going to get their excess dirt delivered to this jobsite. 

In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

Are they paying market rent, are they excessively long or about to expire, etc etc. 

@Cj PowderhornHi CJ, Regarding your Cape Coral experience, the median time on market for duplex rentals for the April to present time period was 37 days, so yes, your vacancy period for that unit was excessive.

It will typically last long enough that it goes out of style before it needs replacing from excess damage.  

Depending on your interest rates you may be able to get a better return on your excess money than by paying off the mortgages.

Speaking as both an investor and realtor based in FtL, these small MF are very difficult to get into at the moment due to excessively high pricing leading to negative cashflow if you plan to finance them.