Take into account factors like how often properties are rented out, how much they go for per night, and any rules or regulations you need to follow.

Hi @Francesca Zanzucchi, we use Buildium in our property management company but they do have a minimum monthly fee so depending on the number of properties, it may or may not make sense.  

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Now as I analyze investments I’m taking the standard rule of thought that $200-300 per door in cash flow is good and looking at a more full picture.

I have right at 700,000 into them with projected rent at 1700-1850 per unit.

We developed and added value and sold lots at $50,000 per acre.  

Market rents for 2br 1bath would be 1400 per unit for new construction and that's conservative. 

MLS data - average days on market, median cash flow, median rent, median price per sq. foot

I have no interest in partnering, but if you have it under contract, I'd take a look at it to buy and throw you an assignment fee, though.

If they believe conditions are right for properties in that market to increase they are HAPPY to buy and hold a property that doesn't cash-flow well on the belief that if properties do jump 10-20% per year for a coupe years in a row at some point that they will make out in a BIG way.