Situation: I am a new real estate investor and don't have an LLC or a formal business setup yet.

I didnt bring it up at the time as I wanted to take pics and formally write up my issues for email, but was wondering what I can do there.

Only advice with that is if you do partner with someone have a formal partnership agreement drawn up and ALWAYS have an exit strategy in it.

If you are living in CA, you are living in a judicial hellhole that ranked #1 by NFIB.

I am assuming that they are on month to month I can just write a formal letter that maybe gives 60 days notice to the rent increase?

After 32 years in lending with a formal commercial credit background with two of the largest banks in the world, I see so many people investing their life savings without doing the appropriate due diligence and it pains me.

They are going to understand the dynamics of your exact market better than anybody else out there.And I'm not talking some fancy formal mentorship here either. 

But A) not everybody does that and B) it's more a formality than an actual review.

@Dave Dunaway if you are in the city limits you need to work with permitting...you need a plan and have to get that plan approved...depending on the scope of the project, you could require an architect for the design and permitting...if this is just a SFR one-off project you don't need the formality... the bottom line is that you need egress....usually an egress window.You will bump up against fire codes here as well.https://www.columbus.gov/bzs/p...

We only invest in deals where financials are required to be published monthly and there is a formal dispute resolution methodology.