We have not been successful reaching the previous owner, and even if we did - we don't believe he would be honest with us.  2 of the 3 units are occupied by a brother and sister.Ideally we would like to get them out.  

While it looks all good, I would be curious to see if an attorney would view this as mortgage fraud.On a sidenote: I will get up on my hill and say we see so many instances where someone cannot afford a property but think by the graces of their believer they can save it.

After an in depth conversation with my insurance agent, I decided not to add them on as I was made aware by my agent that would add additional liability to my policy. 

i occasionally go to the monthly sheriffs sale on the courthouse steps with a wad of cash and hope to get a good deal. the list above lets me know about potential houses that i can drive by and do title searches for.

I would agree that you would be best served by either a CA-based CPA or one who is well versed in CA laws.

You can only find the answer to the LLC purchase possibility by reading the loan docs.

Here’s how it can help if you currently own residential real estate:Improve Cash Flow – By taking advantage of accelerated depreciation, you can claim additional deductions in the early years of your property, boosting your cash flow.

Not surprised by JT.

Sales are up by 10.8% compared to last year, with 1,008 homes sold in July 2024.

I have been toiling over investing in DST 1031 Exchange vs cashing out by paying capital gains.