The incorporated cities—Santa Cruz, Capitola, Watsonville, and Scotts Valley—each dictate their own ADU regulations.

You will want it incorporated.

But my local county judges have agreed that they will cap any late fees awarded in court at $150.There will also be local municipal codes/regs that you want incorporated into your lease and spelled out. 

Buyer agrees to review the “Lead Warning Statement” found in the Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards found at https://www.epa.gov/sites/production/files/documents/selr_en... and the pamphlet “Protect Your Family from Lead in Your Home” found at https://www.epa.gov/lead/protect-your-family-lead-your-homereal-estate-disclosure, which are incorporated herein by this reference.

Show your mentor that their insights are valuable by incorporating them into your investment approach.

@Michael Pannacciulli this is a common question and a good one :) The answer is it depends and it may not be your choice.Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find.a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal you need insuranceOne solution to above is to buy the property in your personal name and immediately transfer it to the LLC after closing, but you will need to get pre-approval from lender before you buy property and plan to do this since not all of them allow this.

@Troy Smith this is a common question and a good one :) The answer is it depends and it may not be your choice.Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find.a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal you need insuranceOne solution to the above is to buy the property in your personal name and immediately transfer it to the LLC after closing, but you will need to get pre-approval from the lender before you buy a property and plan to do this since not all of them allow this.

The reason I ask is city of San Diego has gone all in on higher density housing such as ADU bonus program, unlimited ADU count in existing space, and as close as SB10 came to being incorporated (backed by mayor but rejected by planning Commission).I have not followed Chula Vista but have not heard of the same extreme measures.  

I am a managing broker..I am incorporated for myself.  

Don't be fooled by the "set it and forget it" advice.I put together a graphic that dives deeper into the pricing strategies I implemented that could help you bring in more revenue for your STR!