Thanks folks, it seems like overall it doesn’t make the most sense to start an LLC for real estate purposes due the cost and complexity, with few benefits here in California.

There are benefits to using the LLC, holding company, or trust, but they all come with costs and add complexity to your life that is often unwarranted.

Unfortunately, Detroit is complex due to things being driven block by block.

My family was an investor in a Corporate Housing designated complex and it turned out to be very profitable.

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.

I also don't have time to personally manage a complex like that but I have identified a property manager that charges 10% of rent to manage the units. 

I bring experience navigating complex acquisitions and supporting investor strategies here in Florida's Gold Coast. 

Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

They do not like doing these complex forms and charge quite a bit for them.