If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.

This attorney should handle creation of your PPM and state filing requirements, but they do not handle the PSA or closing. 

I have noticed quite a few posters lately that are requesting help, opinions, prices and information on their properties where a good answer would require either the square footage, the location or both....and they provide neither.

Tax law requires it.

You aren't required to offer a loan mod prior to foreclosure.

Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

The amount of downpayment requirement insures buyers having "skin in the game". 

I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

Hey Alex, You can do 80% LTV on a DSCR cash out with no seasoning required, however it will not be at 0 points.