If it is more than one investor and pooling funds and deals then that is a completely different animal where you would file for a SEC exemption through a form D then ahve to file with each state the investors are in and have a subscription agreement and other docs drafted. 

For a list that small you may get lucky and no one will notice but in general you can easily run into frequent litigators that are just waiting to get called and file suit.

What would I need to update / re-file? 

So now i need to file a dispossessory action to evict them under unlawful Detainer.

If the real estate is producing a steady return, you can make more aggressive bets with stocks or other alt assets.

However, 1) there are still syndicators producing outstanding returns 2) commercial MF and office space is down significantly.  

If you get audited, this will be good to have on file.3) That's tricky, the dash 4 grouping election is based on facts and circumstances.

Just make sure you file your taxes correctly.

@Anthony DupreCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.