Even if you create a non-CA LLC, if you are managing the business from California, you will be deemed to be "doing business" in California and therefore subject to CA taxes.

Fannie Mae cuts you off at 10 financed properties, so does your lender have a full complement of Non-QM loans or Portfolio loans.

Increased the rent on all 4 as well. 25 a piece for the 2 non remolded units since they didn't want to sign another lease (weird I know).

Googling for information about Due On Sale clause and the Washington State non-judicial foreclosure process and timeline, I stumbled across this interesting bit from a  Washington State lawyer's obituary:Not content to be just another escrow office, in an era of extraordinarily high interest rates Jerry [Jeremiah M.

I know you said run but if this issue proves to be a non issue, this is a solid double or triple in the deal category 

The IRR is low, and the cap rate is below my threshold (although cap rates aren't generally used for non-commercial properties, it is still an interesting metric to consider).

Likely work with Fannie or Freddie for a non-recourse loan.

You can be licensed and a "non-member" in my state, at least...having a license means much more transparency and accountability.

We will likely get an LLC for our wholesaling business, and I'm not certain if there is benefit in my non-realtor wife to have only her name on the LLC.

There are some risk management ideas you can discuss with the attorney that we see in commercial leases:- Requiring the Tenant to name you as an Additional Insured under their policy- Requiring 30 day notice of cancellation or revision of the policy- Requiring the Tenants coverage to be Primary and Non-Contibutiory- Including hold Harmless and Indemnification clauses- Requiring their company to waive Subrogation The Attorney can advise based on local laws other things that may be applicable