Or does the standard "consult you advisors" clause in the offer letter suffice? 

Account ClosedThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Suffice it to say, it's all been work that costs many thousands of dollars per project.  

But there could always be circumstances where a hold of shorter than (or greater than) that would suffice. 

Structurally how could you connect a detached garage with a mother suite to single family structure in front to mitigate the additional interest rate due to the type of loan you have to have given this situation.Creating a breezeway to connect the two if touching does that suffice given fannie guidelines?

@Percy Matsunaga @Cameron RileyThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Even a one line email would suffice.

There is a C.A.R. form that your Realtor can utilize for this.Regarding the "Sale Termination Clause": This is language that would have to be inserted into a lease agreement with the tenant, can't be done after the fact or with someone who is on a month-to-month basis.To notify the tenant that they need to vacate, you just need to provide them written notice (email will suffice). 

The definition of "doing business" is pretty broad according to the Franchise Tax Board.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Suffice it to say, that quality tenant is still out there in the wild I'm sure.