@Jonathan Greene I’m traveling for work this week, but I’d like to get looped in on this. 

This was a perfect set up as it had a walk out basement/separate unit with 2 beds/1 bath and a kitchenette.

@Jake Barrutia I personally see this as a huge red flag too.

As a realtor, I’ve seen deals like this play out.

Any advice on how feasible this is?

I'm exploring different options for building on vacant land here in CA and am very intrigued by pre-fab home designs (Walls etc.. are assembled in a factory and shipped to site).

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

So I've been looking at this LIHTC stuff for a few years on and off.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Primary reason to place all rental property into a limited liability entity is to protect your assets from tenant-related liability.