I ran a check on one of my prospects for the office space and the service returned as 'Decline' because of a criminal record on file that happened 22 years ago for possession of a control substance.What would you do in this case, for a residential customer I would have simply declined , but for a office space , with small enough rent, should I take a risk of rent it to him?

Filing as single, unmarried.I believe after 3 yrs (2/5 rule) i may loose my 250 tax exemption, but do i retain some type or amount of tax exemption at the amount the property is worth at the time of the conversion to a rental, ie: Is my new tax base the value of the home at the time of conversion?

Pure "Owner Financing" is when there is no mortgage (about one third of the properties in the US have no mortgage on them) and an attorney writes up a mortgage which then gets filed at the court house just like a bank would do.Here is an example where I took over the mortgage and now own the propertyhttps://www.biggerpockets.com/forums/311/topics/780022-3-ways-to-wealth-in-real-estate-cashflow-flip-hold-here-s-how

Without seeing the filings I wouldn't know, but I do see a lot of newer investors buying foreclosures off of the subordinate liens, both second mortgages and, especially, HOA liens.

California real estate trust accounts as related to property management confuses a lot of people because of the word "trust" and how most people/institutions think of this word.Google California real estate trust to find all the information you need from California Department of Real Estate.http://www.dre.ca.gov/files/pd...http://www.dre.ca.gov/files/pd...When first establishing and opening these accounts, it may be helpful to print out this information and bring it with you to the banking institution.

What does a tax filing with a CPA typically cost in this area?

Do I need to file for a new EIN on the same LLC?

It can be difficult figuring out how to navigate rent collections and then also to know how long to let things go before filing for eviction. 

I have seen them file the wrong type of probate, numerous times, that costs the people MORE money than it should have. 

The SEC attorney will handle setting up the LLCs, PPM, state filings (figure $250-500 per state you have investors from) and all other documents.