At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Originally posted by @Eddie Torres:@Natalie Kolodij Standard or foreign LLCs in California still cost $800 annually unfortunately.  

The best place to start is with a spreadsheet that has every every cost itemized. 

That's not the same as paying cash.According to a different post, your credit card debt costs you $600/month.

What is the cost, and what does it cover?

If they don't show up, projects get very delayed and become unprofitable, even costly.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

Also you should inquire with insurance agents about the cost to insure.

If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.

If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.