I think in California you are required to give a Legal Reason, to make sure you aren't discriminating against purple haired people and such.Not that I'd ever do that ...

Also, the IRS states "An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes), unless it files Form 8832 and affirmatively elects to be treated as a corporation."

He replied in the affirmative.

Some beginners come here with some real hair brained conceptions they "heard from some guru type".  

When I looked for professional advisers in medicine, law, finance and taxation I always looked for some grey hair, those folks need to have been in their area of expertise for at least 20 years and successful at what they do.

The listing agent understood this and agreed to the release and affirmed that he would be happy to start where we left off if financing is secured.

My First MF offer, after learning what I had my valuation on the property had dropped significantly and my first offer was at land value for the 3 quads, I also offered to purchase the ne across the street at land value as well just to get it out of her hair.

If that’s the case, and you won’t spend that turning the unit and evicting, then stand your ground, but remember what your sworn testimony to the eviction judge is going to be...............judge: “sir do you affirm the tenant is delinquent in rent in accordance with their lease.”

@Dylan FellowsI've owned 2 duplexes near there -  mine were in Cherry Creek -- so Harry/Rock just a hair south of Harry and E of Rock - virtually same area -- decent area of town - rent is affordable and you're spot on with the rent estimates -- $895-995 would likely be most reasonable - maybe $1100 if you decked out the unit and it was super nice 3/2Anyways one thing to be careful of in that part of town is the basements -- I had one of mine flood a bit due to poor drainage -- that can happen anywhere but there is a lot of clay in that part of town - So look for any bowing walls, stay on top of your drainage and you'll be good - downspouts draining away from the house - bury them if you need to - stay on top of the sump pump, clean the gutters etc  and make sure the ground slopes away from the house.Looking at comparable rentals on Zillow or hotpads or Facebook marketplace is a good place to run your own comps -- I dont use the rent-meter site - I dont trust it - but I guess it can give you an idea.Most of the houses should have had their roofs replaced in that part of town as around 2010 - 2013 or so - somewhere in that time and area various  hail storms and a tornado/windstorm went through.  

View reporthey guys so i have an updated analysis here. basically what we have here is a NMD deal through a VA loan. im currently under contract with the building. inspection was completed where we found we need a new roof, recieved 13,000 credit. although after going much more in depth with this property i am starting to get cold feet and worried about these numbers. i will be moving on from my current 3 unit into this one, as it wont cash-flow with me under the roof is not a big deal, it not cash flowing after i move onto the next one has me pulling my hair out trying to alter these numbers to make this property work.