Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN,  your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.

Your ability to accurately estimate costs and efficiently manage renovations makes you an extremely valuable partner in any deal.

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

FYI, most of my CFO clients borrow from HMLs that will lend up to 100% of their rehab costs. 

The instruments needed for the transaction will be state specific which means you should have someone from California chime in with resources who can provide low cost documents (as these will be boiler plate).

First thing I notice is the big jump in ARV from the Total Project Costs.

If I invested 100K today, they are currently providing anywhere from 60 to 72% passive tax deductions due to cost segregation, depreciation, etc. 

What are you hoping to get out of the extra time, work and costs of having the LLC?

For example, what is the cost of living now and projected in the future?