It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

But it's enough to some out of business .

We had to part ways in September 2022 because he was "too busy."

This would allow you to use the tax and find an area with a greater growth and cash flow potential. 

@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

This approach allowed for swift action, enabling a same-day sale for $280,000.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Make sure this is done in writing and done properly, so there is no legal missteps that allow them to stay.  

I was raised to be a "giver", but that has caused me to allow others to use me periodically.

Tarpon Springs is only about 35-45 minutes north of these areas and does not allow short-term rentals.