One thing that can save you money in the long run is establishing a Delaware Statutory Trust (DST), which can offer you a unique twist on the liability benefits of the LLC and infinite scaling but does not hit you with the annual $800 franchise tax in CA.In your situation I would recommending sitting down with an experience attorney and CPA to get their advice on your situation and future goals.

If you factor in all your costs including debt service 1% generally in not enough; you really have to hit 1.25 or 1.5 to cover everything and have some left over.

This zip code has been hot and I see gentrification coming but it hasn’t quite hit this portion of 70118 yet.

If Im to hit my net worth goal I have for age 50, I likely do need to add a little bit more juice back into the equation.

I am a local investor/wholesaler in northern New Jersey.

Hello BP,Does anyone know of a lender or private lender who will lend on a vacant residential lot in Northern California?

Take the hit. 

Some swear by them and others (like me) say build up your  portfolio of properties as inexpensively as possible and once you hit 10 or so (because you can't use conventional financing anymore) go to an LLC.   

Hit up @Justin Eaton for details.

That's so true about contractor crews, they can be hit or miss.