We will pay cash for purchase and rehab.Questions-1-Should we set up a LLC for this property or will a Partnership with LLC as partners work. ( we a tasting the waters to see how we like working together)2-How to take titleTIA

Buy and hold with low leverage is the way to go in the Bay area.Per this article, things are not working so good for some Bay Area flippers these days...https://www.bloomberg.com/news/articles/2019-05-09/young-real-estate-flippers-get-their-first-taste-of-losing

@Andrew Johnson being new to the investment arena I didn't want to leave anyone with a bad taste from working with me.

You might say finding these chefs is more work but if you ever tasted the rewards of that work, you will never go back to McDonald's - except maybe to punish yourself :).

Alternatively, do a 75% LTV (Still a slam dunk) and use the remaining $100K to remodel to your tastes, accelerate retirement savings, do a bit traveling, etc (or any combination).As always, check with an accountant especially as sounds like your first time dealing with these issues.

As to Decatur, its population has basically been level (0.2% annual growth) for the last 5-years and is a bit too speculative of a play for my taste.

I'm just sharing because I know a lot of people want to invest in that state.Hawaii is beautiful but has too many people and is too isolated for my tastes.

I'm looking at a $470,000 purchase price for a beautiful home built in 1920 downtown of a growing town in the north bay area of San Francisco (1 block from library, popular wine tasting and shops).

Neigborhood type / class is going to depend on your personal tastes.

My first deal like this, I already had 7 properties I was renting.Additionally, you don't want to leave a bad taste in the mouth of the bank.