Relationships are key -this off-market deal was found through a longtime realtor friend and my last seller financed deal was through a landlord/client I worked with for several years. 

This approach helps maintain strong relationships with tenants and avoids disputes.Hope this helps!

I have one for my other rentals through a prior relationship but that's a couple of hours away. 

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

I am seeking a partner with significant financial resources to help bring my vision to life.I am open to any advice or ideas you might have.Thank you, @Anthony French network and relationships in your community.

Trust and referrals are the lifeblood of building relationships in the real estate investment world.

However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.

Because of the relationship I have with the contractors I use, there is no material mark up when they source the material.Basically there is not an issue.The CSLB law on prohibition of T&M residential home improvement contracts has been around a long time.

Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.