Newbie posting for first time here, names changed to protect the innocent. 

You'll easily spend $3-8/unit to buy and install mini splits, depending on the size/layouts of the apartments.

(The same thing can be accomplished with a different type of trust to keep your name anonymous for the actual LLC, also.)The OP of the thread would still need to deal with the franchise tax from CA, there are other strategies to work around that fee while still keeping your assets protected.

become a broker and get in the industry its very tough as well 50% burn out rate but 10 years in your in a very good position.. my wife has 25 years in  and all her business is referral she spend ZERO on marketing and is at I think 13 million in sales so far this year... pretty nice... also the mortgage industry is a nice space.. become a HML … I closed a loan yesterday and made a 30k fee.. it took me 3 hours .. plus I will make another 50k in interest.. etc etc.. trying to wholesale houses is one of the toughest things to do.. it really is.. just saying unless your ready to scale. and have the funding to scale.. its not a longer term gig.the big wholesalers I know are really just mid to small size real estate companies.. they have their marketing department.. they have acquisition managers that go out to the homes.. and they spend their time razing the capital they need to buy and or pay for 50k a month or more in marketing to really be a top dog broker / wholesale business..

No idea why CFPB carved out that exception to what is widely viewed as a "good" consumer protection rule.

However, I'd like to meet three to five people who have made at least 10 loans but not more than 100 to make sure I'm serving the needs of that type of lender.Any suggestions on how to find a few people who would be willing to spend 15 minutes with me on the phone? 

However, I have been considering obtaining an LLC for my protection, but I do realize that big banks will not loan out to me if I have an LLC.I was wondering what your thoughts were on whether I should get an LLC and find a new lender or hold off on the LLC?

Many seasoned investors find that they can spend that time that may be wasted more efficiently, by doing what they can to make money instead. 

I know it depends on a lot just trying to get a sense of how much I will be spending at closing and all that.

@Rick C.Better to spend $1100 now than thousands later.