When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

Call cops if they keep returning. 

Your cash on cash return is much higher with a house hack and paying a less than you rent. 

There are some exceptions, but the HOA dues normally kill your returns and there are all kinds of other issues having tenants living close together. 

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

Way better returns on the cost seg than you'd ever cash flow from an LTR. 

I intended on financing a rehab for $60k with a $15k return after 6 months.

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

What I mean is, some investors look strictly at cash on cash return, some look at cap rate, others just want to make sure their mortgage is covered.