As a former planning commissioner the people AGAINST projects are the loudest so you want to make sure you have a good pulse on what your neighbors and the louder people at public hearings stand so you can be prepared ahead of time. 

Without reserves, they might be unable to evict tenants or prepare the units once they are vacant.

Congrats on preparing your property for an STR in San Diego!

Its a lifestyle you must prepare the family for so you dont have strife..

I usually talk to a dozen banks when preparing to make an offer or just get a property under contract. 8 unit is just south of 20 by the fairgrounds.

Some sell everything and ride off into the sunset, others prepare a trust and train the next generation to take the helm.

Projects give us visibility on my projectsMy CPA can easily access the reports for tax preparation.

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.

You'll have to get a contract prepared by an attorney.