If you look at areas on the Coasts or Southwest (Primarily: CA,OR,WA,NV,NM,AZ), you see it less.The issue is with some of the 10 caps I see, they really need to be 15 caps to deal with the risks involved with some of them.

Do you need to file a separate tax return for the LLC in order to maintain the protection of the LLC as a separate entity?

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Originally from Chicago with a 6 year stay in Phoenix Az proir to Tampa.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

We sometimes even write up a new "Property Condition Report" and keep it in the file along with the old one.

I work in Planning, Design and Construction and Facilities Management at a local hospital and have a Masters degree in Construction Management from Arizona State University (Go Sun Devils). 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

You'll find a good overview of the coming rezone details at http://www.biggerpockets.com/files/user/ChrisNewma...