Land has been for sale 100 years with no for sale sign and you drive by it every day.

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

Weird thing is they want $2000 down when is sign and submit the term sheet.  

•Since it’s just 3 miles from your house, I’m guessing you do, which is a great sign.3.Does this property make sense as a long-term investment?

Commercial: LOIs signed to lease 50% of the vacant space and project to lease the remainder by Mar-25.

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

However, California requires foreign registration and the $800 annual franchise tax if the LLC is deemed to be "doing business" there, such as managing operations or signing contracts from California. 

(Luckily 99% is digital now so I can “help her” sign.)  

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.