@Jennifer Petrillo, usually if it is Female owned business you can get favorable loans and help from the SBA, there may be other government benefits as well.All the LLC's i filed are single member, i have one that at the time it was formed, there were 4 of us as Members,  i had my lawyer draft everything. i am not sure if there are instructions for the sites and i do not want to steer you towards the wrong thing, best you check out the sites and see if they explain how to fill out what you need.

Through coming full circle and understanding what we both really want in life, my wife and I have ramped up our savings rate and made a plan to gain independence in life from what "you're supposed to do."

Starting November 4, 1992, districts must have voter approval in advance for:(a) Unless (1) or (6) applies, any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, or extension of an expiring tax, or a tax policy change directly causing a net tax revenue gain to any district.’This is obviously a new tax which has been levied without voter approval.

I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY.

Bottom of market and had the VA benefit.

In my situation, am I gaining anything by renting it before refinancing?

My primary residence also has a mortgage.How can I be strategic from a tax perspective with the gain? 

Anyway, for my smaller operation here in L.A. of less than 10 units (plexes and SFRs) that I self-manage, I find there is a benefit in maintaining good relationships with tenants.

If it is too high to trade for a larger property go the other way for something lower than what you sold for even if you have to pay capital gain for the variance the capital gain tax is greatly reduced starting this year. 

But obviously it wil start gaining interest though out that time.