For obvious reasons the  Bay Area is the sexy( high returns); however, you mentioned Nor Cal in your title.

Furthermore, we've developed a program together with our Waco realtor/broker and a Fort Worth title company to sell up to seven 10+ acre home building tracts to raise almost $1M to be applied to the initial loan balance, including multiple closings the same day following our own closing funding 15%-25% of a required down payment as well as providing funding reserve for early months' loan payments during the 7-9 month rehab period.So we're positioned to go with our new venue once we're funded and get our rehab program underway.

Find out if they are properly licensed and insured. 

You would be the gurantor of the loan the but title would be held in the LLC .

It's essential to conduct thorough market research to identify areas with potential for rental income and property appreciation.Financial Considerations: While purchasing a property in Oakland may allow you to build equity, you'll need to evaluate whether the rental income from house hacking covers your mortgage, taxes, insurance, and other expenses.

Bad:Relying on insurance.

The purpose of the title was to prompt discussion and reflection on why many struggle to succeed in real estate and to invite perspectives on this topic.

The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.   

We used to do back to back closing with no money required but due to title company policies, lender disclosure requirements, and a variety of Federal and State laws this may no longer be practical.  

You must be aware of this fact to insure that the property remains a good investment.