I was looking at duplexes in the Sacramento/Stockton CA area that I could live in one unit/ rent out the other.

Account Closed mentioned about property types, Those $30,000 Duplexes in Cleveland won't need an IRR template but the property in Brooklyn, NY or South Orange County, CA will. 

If you haven't made a corporate election for the SMLLC, it is disregarded for federal tax purposes and all activities and assets of the SMLLC are dissolved into the activities and assets of the owner.For California, it appears you are managing the LLC from California. 

I sold all the homes I had in CA in 2005. 

I spent 100% of my liquidity to buy that first house in Milpitas CA and that set me up for the rest of my career basically..

I’m in Greensburg, Indiana I have family in California who is wanting to invest in rental properties here in Indiana.

To give you guys a recap on my situation, I am 24 years old living in San Diego, CA and brand new to real estate.

I have a friend who has suggested that I should use the California Association of Realtors form but it is so generic that I really don’t like it.

I have a friend who has suggested that I should use the California Association of Realtors form but it is so generic that I really don’t like it.

that seems like overkill.One other thing to be cognizant about is that California normally has a $800 minimum fee associated with most returns.Asset protection is important and should be discussed with an attorney.