Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.

I'd estimate, and it's only an estimate, that 25% of the title claims I worked on were created at the time of closing, i.e. incorrect legals on the deed and/or mortgage, failure to pay off prior liens, errors in recording the docs, failures to have the docs properly executed, and on and on and on.Please also keep in mind many settlement agents are only allowed by law to prepare documents and close transactions where title insurance is being issued. 

. - First window order arrived damaged and incorrect specs.

Before you laugh and spit up your own coffee like I did, this little quirk recently earned him a lifetime sponsorship by Hellmann’s brand.

It is probably true that it is easier to find out of state, but it is incorrect to say that it can't be done in CA or more specifically in the Bay Area.

This will remain the case until you reach a point where non recourse debt is available but it’s rare and generally only applicable to larger transactions where leverage is customarily lower and there remains carve outs for “bad boy acts”.I frequently see posters on here say “they can’t get a loan for properties owned by an LLC” but I suspect they incorrectly thought that they would not have to personal sign on as a guarantor.

However, you are able to depreciate the building and its’ components.The land value is utilized in a cost segregation study and it is crucial that it is accurate so that it does not result in incorrect depreciation calculations which would open you up to the risk of an audit if it was overstated or you would miss out on tax savings if it was understated.So, we now understand the importance of the land value, but how do we calculate it?

Leaking toilets not installed properly, gaping hole in roof, holes left in siding, tile laid incorrectly which will need to be replaced, not installing the back splash properly.

And, in case  anyone else is wondering "1073751824" (which is incorrect btw it is actually 10,737,418)  is the resulting number if you doubled a penny  every day for 31 days.

This may be easy enough for most states and their relatively simple tax regimes, but states like California, New York, Texas, Pennsylvania, and a few others have some quirks to them.For example, California makes disregarded single-member LLCs file a tax return, pay an LLC tax four months into the tax year, and potentially pay an LLC fee six months into the tax year based on estimated gross receipts.