Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

The BRRRR strategy can also help build your capital base without significant upfront costs.

The tax is based on selling price minus purchased price.

Hey @Aaron Ram, fellow Stamford-based investor here.

Hey everyone, I’m Robin, based in San Francisco, and I’m actively working to acquire 4–20+ unit multifamily properties in the McAllen-Edinburg area for long-term cash flow and wealth-building.I come from a real estate background—my dad was a general contractor and inspector with over 5,000 inspections, and my mom was an appraiser for a decade.

I am located in Arizona and have been in manufacturing for 20+ years while my brother is an experienced contractor based in California. 

I've been studying different real estate strategies and would love to understand more about how the permitting process is evolving in that area.Did the realtor mention any specific changes in local ordinances, or was it more of a general observation based on market trends?

I would start with them.I am not based in LA, so I don't know your exact laws, but I think I can still provide some initial direction for you to find answers, and maybe offer an idea to research.  

Certainly one account for each LLC, (separate for security deposits based on your local rules)

We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.