I am working on verifying each home is identical; I don't think they are; but for simplicity's sake...Market value is closer to$600k for each townhome should it be sold separately on the open market.

However, the building is situated between two other buildings which are virtually identical.

Or, if I wanted to pull out just $20k to do an identical deal, would that be an option? 

,Perfect, I appreciate you guys pointing me in the right direction.I know @Jocaro Dodd asked almost an identical question, but is there a particular reason why you would mail market to these leads, rather than calling them directly to begin with?

Being a Condo, what have other identical ones in the same complex SOLD for recently?

But i would caution you, by law you would need to be an"owner of real estate who owns any interest in the real estate if the interest being... rented is identical to the owner's legal interest;"basically you need to be make sure you have an interest (read ownership) in the property if you want to be a property manager without a license.

Identical program (probably same promoters) as the so called "Yancey training".

The value of investing in income properties in CA, since cash flow is non existent, is appreciation (for the most part) making maximum leverage even more attractive for those with deep pockets since the appreciation is identical regardless of how much dead equity you carry.If you have 500K in dead equity using a HELOC is the e best route to take that will actually force your money to earn it's keep.

Maybe they own identical buildings in town and know the true costs of ownership instead of plugging in random percents as costs.

Use a trust to protect your identity then transfer beneficial interest to your LLC.