Great post by @Raimondo ForlinI also would recommend speaking with an attorney about your particular goals and check out San Francisco Tenants Union to brush up on OMI , Ellis Act, TIC and condo conversions.You have a couple of options when you purchase a multi tenant occupied unit in San Francisco.Option #1-  Congrats you are now a landlord.

California paints with a pretty broad brush on what doing business in California means.Doesn't matter if you form the LLC in NV or CA, you still will have exposure to the CA Form 568 and the $800 annual CA LLC tax. 

I have a few that are taking advantage of very soft land prices and buying properties to hold for the next cycle.Opportunities I see in this market: - Selling your turnkey STRs or multifamily.

They may receive commission on insurance, investment products, referrals, annuities, soft dollar compensation, etc.What you really want is a fiduciary.

If your bro is willing to do that, this graduated deal could really work in your favor.HML/PML lenders often charge more than 10% and they'll add 2 points and a loan origination fee, so that is really HARD money.If you can get 100% from your bro at 10% and no points or fees, that is SOFT money.  

They make calls, get all pertinent information, even make soft offers if seller is open.

Plus, liability on the LL's end.Do not be soft.

Even so, the whole setup shouldn't be that expensive, even with brushed nickel finishes.Please don't tell me about my reputation, or substandard materials.

Unless they're building them with solid wood 3/4" boxes and full pocket screwed face frames with soft close undermount drawers, it doesn't matter.

And it isn't soft.