Steven/Charles (thanks for giving us expert opinions on this and other topics), does the fact that you replace something during a repair have bearing on exp vs cap?

I'm not great right now, so I will try to be as clear as possible, bear with me.

Now I scuttle off the internet in shame....Not Edited: Bear in mind that depreciation is tax at a maximum of 25%.

I'm looking for an investor who wouldn't mind sharing their project "before and afters" so I can get a bearing of what goes into a flip in his area and what the norm is.

All of our units are SFH, so what the tenants do outside has little bearing.

If you have the partners, you could just create the LLC out the gate with all members defined and monies deposited, or you could set it up so it's only yourself, then have them "buy in" to owning interest in the LLC at a later date.If you are able to get funding before finding a deal, people who do this, setup everything and hold the funds in a interest bearing account while they hunt for deals, but the terms have a drop dead date that the money is returned if a deal is not found by some date in the future.What I would do is find a deal, get it under a LOI or contract with an assignment right, then present it to your partners.

Forgive my unusual answer, but I think this idea bears saying since it is not often acknowledged.Some of the greatest YOY appreciation to be found in Ohio is not in SFH or MFH, but its land.

There are lions and tigers and bears and snakes in the woods.

Understandably, the lender is refusing to engage as he is not even their borrower.A similar situation arose three years ago and he was able to provide a LOE that someone else bearing the same name, not him, had a foreclosure and that was acceptable.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.