@Alina TrigubA Solo 401(k) does not eliminate UBTI generated when the plan engages in a trade or business. 

Discuss plan with Planning Zoning group.3.  

However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

Re-titling real estate can get expensive with the misc. transactional fees associated with the process + you are at risk of the lender triggering the due on sale clause if you don't plan on refinancing the real estate.

Are you planning on eventually selling them as condos?

The only advatange of Private/Hard Money Funding is less paper to non paper work or a Non Tradition Lending programs available like DSCR (debt service coverage ratio) or Bank Statement.

Quote from @Dustin Hagemeier: As someone in property management, I’m pleased to share that we’ve had significant success with the Section 8 program. [...]

No contracts and you can transfer your cameras from project to project.Depending on how much coverage you need they have really low monthly plans.

And if someone tries it, without paying for classes or programs, they can either net a deal or loose X number of hours of their time trying it.

I plan to buy a new property in May by putting 5% down and renting out my current home.