If the house is located in prime area, perhaps STR would makes sense with some tax loopholes that you can achieve and save.

They would also pay the taxes.  

The loan was for 932k 791 purchase and 132k 50k construction 72k interest and tax reserve.

You have taxes, utilities, CapEx, Repairs, Vacancy, Turnover, etc.

Taxes 3.

I am in the beginning stages of learning about investing in tax liens and tax deeds.

It also depends for tax advisory services as well.

As its been posted, apparently CA will charge you $800 annually for each LLC, no matter where it is..The next is tax time... 

Prior to talking with an attorney..Do you already have a good understanding of what your GP/LP structure will be?

All facts, figures, and numbers must be verified such as verifying the HOA fees or the annual property taxes by looking at the city's website.The MLS offers a place for agents, buyers, and sellers to go so there is tremendous value there.