I wouldn't be buying in CA.Growing up in the SoCal area, yes the appreciation has been great the past 20 years; but they way the state is headed, people continue to leave.Red tape in California has caused business to evacuate, high net worth individuals are also beginning to exit the state.Food for thought.

I know people who have deals on the market right now, none of them WANT their deals on the market right now.

It sucks because Lonnie was a pioneer with his taking back notes on mobile homes and being a Lonnie dealer inside other peoples parks. 

I’m sure there are plenty of people doing “workarounds” which WORK UNLESS AUDITED  by the IRS.  

Yeah, 300K is the minimum.If it was under my name, then I would understand that higher is better.What I am not clear about is if the LLC only has a $180K asset, isn't that the maximum they could sue the LLC for?

Here are a few things that might help you as you start:Understanding the Market Dynamics: Begin with understanding the supply and demand in your area.

From my understanding, I would need to complete both transactions with the same title company or closing attorney.

That is, the real task is to find good like-minded people.

I met enough people and saw enough stats to believe that REI handles their tenant screening and property management with the same ferocious level of commitment and that's what I came for.

I could start a course and start charging people "How to Not Lose Money in the Midwest"...lol.