There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Earnest money is likely not going to be refunded if we back out now.

Make sure they are investing their own money into the deal. 

CA does offer some great opportunities to make money.

There are a lot of extra costs that go with home ownership-property taxes, repairs and maintenance, etc. 

Reno makes sense from a tax and insurance and economic growth perspective and also proximity to family but it's not a place I've fallen in love with despite spending two weeks there (one week last winter and one week more recently in the summer).

There are over 20 active CPAs here in Biggerpockets assisting RE investors with their tax planning.

Putting this on your taxes will help you in the long run.5.

We are seeking to establish an estate plan to transfer these mortgages to Trusts without forfeiting tax benefits or triggering due on sale clauses.

While this wouldn't be my number one choice of locations, all I care about is making money.