So I'm new to this, bear with me here.I'm trying to understand how to think about equity in a new construction.

Especially during the bear markets, basics are the most important KPI.Reduce the amount of personal cash in the deal.Ensure that the property can provide enough cashflow consistently to sustain itself Wait for the best time to sellNever, ever, nevereverever, put yourself in a position that forces you to sell at the worst possible time.

Get together and answer EVERYTHING you can all think of; if so-and-so is mauled by a bear, what happens, what goes to who, etc..

If so, that has no bearing.

Example: purchase price $100kSell price 240kTaxed 140k minus expenses. your cash out refinance is not a consideration for taxes and neither your loan amount as far as taxes go Thank you, that's what I was getting wrong, the loan amount has not bearing on what I sell the house for.

I would sell the lot, take the $200k and diversify into dividend-bearing stocks.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Lastly, being a good landlord will always bear fruit so it's best to be on top of every issue that arises.

I really recommend you start with a system you can grow with because switching your entire process and systems over later when you have more properties is a bear.

The ultimate test is what the market will bear.