Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

Unlike a foreclosure, a deed in lieu of foreclosure does not extinguish any of the liens and encumbrances affecting the property.Most courts recognize the execution of a deed in lieu of foreclosure in a transaction subsequent to the original mortgage transaction as a legitimate alternative to foreclosure proceedings.

I have also seen appraisers recognize that multiple ADUs by rule does not qualify for conventional F/f financing.  

It's great you are recognizing this. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

It’s important to recognize that your landlord likely isn’t thinking about selling the property right now, especially given their personal circumstances.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

California does not recognize series LLCs.

Let’s say you have 12 lots and if everything went perfect in the exchange you would recognize your $30,000 profit per lot across the board.