.-- (Excel was not meant for this purpose).BR1-  8x12BR2 -8x12Bath appox -10x5- with small vanity 24", 60"x30" tub and toiletLiving Room-10x13Kitchen-8x10-  about 10 LF of cabinets, about 22 sqft of counter tops.I have run some numbers and have a relatively decent idea of what I believe materials would cost per unit (around 8K), but the labor is the wildcard right now. 

I also keep up with regular maintenance for all properties and have excellent management in place that don't delay with anything that needs to be taken care of. 3.

Section 8 pays rent through the eviction process and if you are Tier 2 of the excellence program, you get an additional 2 months of rent while the unit is vacant.

Looks excellent. 

The team at Old Capital handles financing for ~1 in 3 class B & C multifamily properties in DFW.They also host an excellent podcast.

I'm currently under contract to buy what I thought was an excellent ski house.

Or should I put the money into the LLC, then buy the first property with cash (to build credibility/assets), then use the BRRRR strategy to refi once seasoned?

California is an excellent place to build a Dynasty(1).Prop 13 is why I generally suggest that the BP "50% rule" of [ Rent * 50% - P&I ] isn't as good as Fannie Mae's [ Rent * 75% - PITI ] rule, in California.

Then you've got both the confidence and baseline experience/ knowledge to excel with the mentoring.

My gut feeling (and also Excel worksheet) is to hold the 15 year at this really low rate.