No only likes paying $300K for a house and having to haul water or maintain a complex treatment system.There are a lot of upfront costs in development just to get the land entitled.

A Nevada LLC will provide as much - if not more - liability protection as a CA LLC investing in NV would - and perhaps get friendlier treatment than a foreign entity and for far less overhead.  

Anything that is not a structural component of the building could qualify for accelerated treatment. 

It's amazing how expensive it can be to get treatment.

This language is disclosed in foreclosure listings where the home bore a reverse mortgage note that defaulted due to the mortgagor's passing, failure to pay taxes, or both.HUD regulates the terms under which these properties can be acquired, sold, marketed, & their listing treatment.

The property will still qualify for split use treatment as he does rent three bedrooms out.

If you can get nice cash flow from it that's what I would do.Rehab/Fixing and then flipping does not qualify for 1031 Exchange treatment. 

Both LLCs & S-Corps are "pass throughs" as far as treatment of income.

By holding them as rentals you get to take advantage of the depreciation deduction and can also be eligible for long-term capital gains treatment at tax time if you’ve held the property for more than one year.The hold time varies by property, can be as short as one year or many years.

I know I am responsible for treatment of the bed bugs but furniture?