Originally posted by Account Closed:@Minh Le I need to pick your brain and see how you find these good deals in the first place.

@Brandon Yuan I think Michael Le is spot on as a maximum.

@Nghi LeI contribute up to my company's match and then some.

@Michael Le I haven't seen the actual PPM yet just the overview.  

Just in case you have missed it, the theme of this post is SPECIFICS.Like @Minh Le, I live and invest in the SPECIFIC market that the OP currently resides.  

@Nghi Le I think the LLC formation is the least of your worries.

@Cuong Le I have become good friends with the older couple next door to my rental.

@Johnson H. and @Minh LeI don't know what it is about you bay area investors, but some of the most financially intelligent and interesting posts I read in Bigger Pockets come from you guys.

In addition to this being simply impossible on the budget you are thinking about because of truly massive costs in California (Minh Le is absolutely accurate, if not underestimating the case; I've heard of permitting alone taking 2-5 years in some cases, especially in SF), the bottom line is that you cannot build-it-yourself anywhere in the state with plans to sell the property within at least a year because it is flat out illegal. 

@Nghi Le; I think its overly simplistic to assume prices have to go down just because they've gone up.