To maintain the $3k property tax: 1) the deceased had to owner occupy (OO) 2) you need to be child of deceased 3) you need to OO.

It avoids the CA franchise tax, is scalable so you can add multiple assets under it while benefiting from the liability minimization structure of child series', and it can streamline your operations by using one set of books, bank account, etc.

It avoids the CA franchise tax, is scalable so you can add multiple assets under it while benefiting from the liability minimixation structure of child series' , and it can streamline your operations by using one set of books, bank account, etc.

My child is still young and expecting our 2nd soon. 

Originally posted by @Michael Quarles: @Brian DavisActually we employ child labor.

State Prohibition of Goods from Child Labor Act .

Instead, our job is to help kids overcome setbacks, to help them see that progress over time is more important than a particular win or loss, and to help them graciously congratulate the child who succeeded when they failed.

MDR/Venice area is the poster child for the saying "You live where you want (if you're rich) and you invest where it makes sense". ;-)  

I'm still pretty new so feel free to explain it to me like I'm a child.

@Grant Doyle I bet you made the mistake of telling the lender that you were going to do do student housing banks are allergic to short term rentals and student rentals.