We live up in Shasta lake.

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.

I did 7 deals last year from out of state living in Austin Texas.

I could see a requirement, perhaps under the Patriot Act, that requires all landlords to get a SSN/TIN from everyone living in a unit and report that (or lack of) to the federal government.

@Marcus Stokescan you start with a live-in flip or house hack instead?

Apartment buildings, assisted living facilities, self storage, restaurants... 

Yes 1k sqft is small but probably much better than living with family.

Especially me as I do construction for a living. 

I noticed their business is listed as an LLC on their Zillow profile, and we also found that they have a few other unrelated LLC businesses that didn’t seem to work out for them over the years and were short-lived.

I have 1 partner who provides up to 75% of the down payment, however, my goal has always been to live below my means, save money, and invest the saved money as a downpayment.