I agree this deal is probably going to be too thin once you account for actual taxes.  

Additionally, there is an annual $800 filing fee for each CA LLC (each year), not to mention the additional administrative requirements that must be adhered to to ensure full liability protection, and then finally the hassle of the LLC filings themselves.That seems to be a fairly significant burden to incur on a property by property basis since these are only single family rental properties that generate only about 35k in rents a year.

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recomendation would be much appreciated!

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recommendation would be much appreciated!

He stated you could use a retirement account as collateral for an unsecured loan.  

So you can buy a nice deal that will not break your bank account and rent it out for 10-14% return on your investment, depending on how you buy it.2.

Originally posted by Account Closed:i want to start with a multi family building.

Account Closed - you mentioned you pay for the shared area water.  

If the HOA bans short term rentals do the numbers still makes sense as an annual rental?

My first investment property was bought in 1992, near a market high, and it has returned far greater than 8% compound annual on my initial investment which was 100% pulled out in 2000.