Even though it sounds fancy is more for self-preservation lol.This is what I was thinking on doing if a decided to take that leap:1.

A group of neighboring property owners have each participated to some degree in maintaining Owner Gone’s property, or in preserving the rents that have been paid during his absence.

Keep the accounting separate between your schedule C and LLC, and you should preserve your corporate protection.The advantage of creating a separate LLC structure for the PM is to contain the risks of the PM and operations from the assets of the property managed and your personal net worth. 

So basically right now i am leaning more toward the cap rate cash flow markets for wealth preservation  but im buying very selectively...and in the coasts (specifically LA is my market) I am looking for value add deals for buy buildout and rent/sell 

Would it qualify for historic preservation credits?

I am all for saving the earth and preserving it for future generations, but in an emergency like today, it is time to turn on the spickets full force and become energy independent from other nations 100% for the time being.

I have enough capital for a down payment however, I want to avoid using all of my capital preserve for one property.

Do not lose more money on rent controlled units than is required by law or needed to preserve the asset.

@Brent CrudeYou do not need to issue stock when transferring in a property.That said, when you invested in setting up a 2-tier LLC structure, presumably for asset protection, it's probably a good idea to invest in professional legal advice on how to maintain it, to preserve such protection.

IF I was trying to preserve risk, there is no way I would put more than 15-20% of my real estate portfolio in any one project.