As we approach 25K active listings on the market, we are starting to see a balancing of Seller and Buyer, and some soft corrections are underway. 

Unless you do that, I would not use the LLC for any activity on this property.

-- sort of depends where you live and if you want to invest out of state / have the ability to manage a team remotely, the best out of state investors are very active in managing their teams.

The property is not active yet. 

well as I posted last week Oregon is now going to require wholesalers to be licensed they have carved out a special license for this activity.. those wishing to continue to wholesale will need to do full criminal and get a bond.. some will not qualify as they have bad backgrounds or crappy credit.

The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

So i am not currently actively seeking brrrr opportunities (but if one fell into my lap, i would no complain).Likely the most sure value add in So Cal at this point are lot splits.  

However, getting a good property manager is crucial.

While the power can't be selectively turned off, it’s really about active management and oversight once the utilities are in the PM's name.