One issue you will find is that most lending programs do not recognize immediate equity. 

The reason this happens, is too few people recognize the cost of repairs or, decide they will eat that money as the "entry fee" to ownership, and figure it out later.

If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS.

I don’t know what your problems are....Our landlord recognized their own fault in these matters and gave us a week off of rent without us asking for anything, problem solved.What’s the reason for being so nasty to a stranger asking for advice?

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

You can either choose to RECOGNIZE it's a net loss via accurate allocations, or get into it and simply play "Loss Roulette" until it hit's you and you have no allocations for those very real impacts that WILL happen, and your trying to figure out where to get $ from to cover it.

Also, recognize that all investments are not home runs so keep your expectations and underwriting in line with that simple fact.

Great for all my tenants as it’s a brand name they can recognize.

Finding money to fund deals is not a problem when it's a good deal, and those who may be able to act as a key principal/capital partner, typically got to that position by recognizing a good deal.Since you have already gone through one FHA deal, I'm sure you are aware that those types of loans (and thus borrowers who use them - generally speaking) are higher risk (lower credit score, lower income, etc.).

The city is still recovering and I recognize it may take a few years for things to get back to normal.