Their income is also all self-employed and social security benefits.

It allows for passive returns with increased control and diversification.

If someone needs everyone in the house to know something, they have a usable and accessible way to do that along with the confidence others in the house will see the message.3.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Legal height 8ft.Had to add public access to electric disconnects as well.made me add two window in the basement too.Really just need to get an architect who is self certified.

One thing to consider is that in terms of wealth building and Kiyosaki's Cashflow Quadrant, owing a rental and doing work yourself is putting you in the self-employed quadrant, not Business Owner or Investor.I think there are a lot of factors stacked against California for long term rentals, and I think you know it too! 

He has a law firm, one of the most knowledgeable IRA guy Matt Sorensen, a CPA wing, and the IRA wing for those who want to do self directed.

Even if you plan to self-manage, having a solid property management contact early on is always a good move.

I think it is important to increase my ability to provide cash flow outside of real estate.

Although in the last couple deals most have come out as 506C deals where only accredited investors are allowed, there are still 506B syndications where you can be a sophisticated investor (self proclaimed) so you don't have to be accredited.