There's been a ton of discussion around when to form a LLC.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

I need to get someone out there ASAP to assess and mitigate the damage, form a plan for restoration, and start moving forward.

Helped me to get my first big park and to form a plan for the rest.

They have several divisions and dozens of realtors..Sunshine, I don't know anything about and while the other two companies responded to my emails with immediate phone calls, they emailed which isnt a terrible thing but I haven't been able to form a bond.Cape Shore is small maybe 8 employees.

ADU's are great for additional income but come with a unique set of challenges form a rental perspective if you are trying to rent both individually.

Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors

Then you could have them buy properties without bank financing and form a joint venture ownership.Jim Ingersoll has a ton of info on how to do this.

My friend has an existing business/LLC and we are combining/adding dimensions to that existing business to form a new one.

Hi @Jennifer Shen - I find that most Turnkey companies input very low assumptions for reserves into their pro forma, which can make the Monthly Cashflow look a lot better than it actually is.