Some lenders may allow it, while others may require refinancing.Quit claim deed: This is typically how you'd transfer the property to an LLC, but only do this after getting lender approval.Alternative to LLC:Consider an umbrella insurance policy, which can provide additional liability protection without the complexities of an LLC.Tax considerations:Consult with a tax professional about deductions available for rental properties.Be aware of potential capital gains tax implications if you sell the property in the future.Estate planning:Consider setting up a living trust to hold the property.

Hi Jacob, yeah legally you are required to honor the current lease they have in place.

It's fairly easy to install (floating application) and requires little maintenance. 

Most states do not require you to provide receipts.However, if you think the tenant will push back on the charges, show the evidence and stop the argument before it begins.

My general understanding of California rentals is that if the building was built prior to 1974 and has 16 units or greater, an on-site property manager is required. 

(a 5.0% increase), from $Y per month to $Z per month, effective September 1, 2024.An additional $X deposit is also required to bring your security deposit equal to your new monthly rent.

I've been in construction and land development for my entire working career, and my understanding (in the places I've worked) is that most construction requires a permit.

Additionally, the management of a bigger property does not linearly grow -- what I mean is that a 12-unit building doesn't require four times the management of a 4-unit building. 

I have no idea what the process will be in the county where you're buying - you'll have to call the county and find out what they require.

On a positive there are 15-20-30 year amortizations and increasing income qualifications including instant approval and AVM (no appraisal requirements) for very clean applicants, and creative documentation for self-employed borrowers or investors such as bank statements or even DSCR (usually up to 75%LTV) for investment properties.