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Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Did you also include financials/ POF for the down payment/ credit report/ info on yourself such as your experience level operating rentals, to give the seller more peace of mind to lend to you?

It’s in Forest Hills for more content and i want some form of framework in mind before talking to builders.Each unit is about 1,000 sq feet totaling 3,000 livable. 

@Daisy HawkinsA good read to become a ghost and vanish just don't buy it online ha 

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When converting a rental property into your personal residence, there are important tax considerations to keep in mind, particularly when it comes time to sell the property.

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And keep in mind that while you may be cash flowing over 3k a month, you really need to consider that the heloc payment doesn't really belong to that rental in terms of cash flow. 

Keep in mind there are plenty of not ready for prime time builders out there that will build a home that is not all that great with many defects even though its new..