Outside of the opportunity to build my knowledge base on how things flow from an investment standpoint, I am given the opportunity to do something in advance before me clients.

Not trying to be a downer, but I have 30-40 clients all wanting that, and I'm just one agent and have been down this road with so many investors.

Tons of house-hacking clients here in Denver and Colorado Springs will share a bathroom when renting by the room, so 1br in your scenario ain't bad, and with an extra bedroom comes an extra $800-$1000 (at least here in Colorado).Good luck!

I have a client interested in purchasing a property, using hard money to also cover rehab cost, and then has a theory to appraise it and sell it to themselves in another LLC so they could pull a lump some without losing real possession of the property.

Working for clients looking to buy in Manhattan Beach, it seems like buyers in both the areas are specific with their wants and with what they spend their money on because of the low turnover and inventory in both areas.

Hi Staci,If you don't have any plans on working as an agent for other clients, I would recommend a flat-fee broker with no commission split.

Rent control is another strong factor as many cities have super strict rent control for duplexes and up with Oakland and San Francisco leading the way.

Also, am I paid a commission by my client or by the landlord since I am bringing a prospective tenant?

We get alot of stories like Kevins here with new clients where they say the accountant they are working with is making them do something and they are not sure.... sure enough its just what the software defaults to and the old accountant never bothered to dig deeper. 

If they are all bundled into a single LLC, then it could create liability issues with other assets on something that big.I have clients that do both, but it really does become what you are willing to manage.