I'd also be curious to see what constitutes a "resident" of California, assuming that the tax is applied to all LLCs owned by CA "residents". 

It's all about your objectives and your goals.If you have 500k to invest in something for value add and that constitutes almost all your money then it is a huge risk out of state.

LOL @Dustin Davis and I disagree on what constitutes as "good"I'll be the first one to admit that I am a cushy suburban husband. 

But what constitutes small depends on your financial situation.

Teacher wants is to see you describe the Constitution, not just States Rights.

That is, what constitutes "trespassing" vs "breaking & entering" vs the squatter being left alone after a call to police enforcement? 

A loss of one soldier if you only have 30 to begin with constitutes a much bigger problem than a loss of 10 soldiers if you have 300 at the start of battle.

While I can't know what exactly constitutes a win for you, I thought the best way to find that would be to present options:- Month to month least at the full market value = $1,500/month.- 12-month lease at $1,400/month- 30+ month least at $1,250While I know this puts your rent increasing, I want to illustrate what I'm doing to be a blessing to you.  

If you focus on learning what constitutes and how to find good deals you will serve yourself very well.  

When I've been involved in deals like this, the details of exactly what constituted done enough to get each draw were fuzzy.