In this scenario too, the county would not recognize the new bedroom and you could have trouble marketing the property as a 3 bed vs 2 bed if it is not permited.In my jurisdiction, I can move cabinets around, but as soon as I touch the sink or any electrical, a permit is required. 

Instead of being discouraged by it, recognize your success and apply that knowledge to your next project.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

HCOL areas have higher everything (again - I recognize this is a bad answer)Q: What part of the business is covered by the monthly fee assessed against the rent? 

If it's a code violation that requires building a new porch then you'll need an architect, preferably an architect recognized by the city as self certified.  

That's not just real estate...Key is to recognize that .01% and make the most out of them.

One large widely recognized fund I invest in is stating Jul24 is where the momentum from the 1-3 months prior will take off.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

I recognize the challenges of our market and have not purchased in just over 1.5 years (I purchased $4m that month) which I suspect is either my longest time or approaching my longest time without an RE purchase in a dozen years.