I retain the control over all management decisions.

They come from a j-o-b collecting a check only and do not have to generate business for themselves and retain and grow clients.Brokerages know new agents with their family and friends sphere of influence will have mercy on them and buy something through them.

So long as the long term market doesn't appear to be heading south and you could at least break even with cash flow on an annual basis and are not in a tight spot financially I think retaining your asset is best.

I imagine bringing in fill/building a retaining wall could cost anywhere from 15 to 25k.

Couple things to keep in mind when you are looking for a brokerage after just getting licensed-Brand does not matter in regards to attracting/retaining clients-This is a long term business, focusing on the short term profits will only hold you back-The most important thing when first getting started is learningWith all of this top of mind you want to look for a team/brokerage that focuses on teaching, training, coaching and walking you through the various processes associated with this business.

If you would like a lawyer to do the legal research into the statutes and case law to find the precedents, to be able to answer this question, you can retain me or another lawyer for our hourly rate.On the link at the State of California website on LLC taxes, I gave you above, it gives an example of when the taxes must be paid.

Each of us will deposit half the amount required for the purchase.We will close on the property using the cash from that account that came 50/50 from each partner.Then we will refinance, but again, only in one of our names (so we still retain more future lending opportunities with the other partner).Questions:From what we understand, the funds still have to be "sourced" when we refinance.

As an eviction attorney how hard is to evict a section 8 tenant if they retain an attorney. 

If any tenants have a disability, watch out for any accommodation requests that the previous owner might have ignored.3.Determine from your inspections and the rent records, which of these tenants do you want to retain?

After the second year, the Security Deposit must be placed in an interest-bearingaccount which shall be paid to the tenant yearly, however the Landlord may retain up to one percent of interest to offset administrativecosts.