I wouldn't bet on either at this stage but if you like a gamble...

@Mitchell Poloskey 1) PMI - contact your lender about requirements to remove via recognizing increase in value.

The structure of the transaction is much more important than is generally recognized.  

When I choose to sell, I’ll make the determination of whether it’s most beneficial to sell the units individually and if I do, it’s an easier process since the declaration is recorded and the city already recognizes the 4 separate condo units.

I recognize my numbers did not include closing costs and as you pay down the equity, the LTV decreases (but you get the equity paydown), but this return is so high that even if it had a modest hit, it would still be a great return.https://www.neighborhoodscout.com/ca/san-diego/real-estateAdding in forced appreciation can create an infinite return via brrrr.  

It goes under cost of goods sold (COGS), which means you only recognize those costs once the property is sold.

She did not recognize him.  

Good on you for recognizing the minuses in this situation.

I could have expanded my portfolio sooner if I had recognized the potential of using financing strategically.For example, after selling my HUD foreclosure condo in Northern Virginia for $440,000, I reinvested the profits into additional properties.

California does not recognize series LLCs.These are all things you will want to discuss with your attorney and CPA.