@Jeff YoungYou will probably need a registered agent unless you want to be your own and can receive process during working hours.They are plenty of discount registered agent available online.You can file yourself your LLC online easily.

@Jason Ma I went from a fourplex straight to a 20 unit.

I'd say as long as your not buying top of the line appliances and instead opt for gently used or discounted appliances they should pay for themselves pretty quickly... but nonetheless it is your choice. 

My initial inclination is to calculate a price using the $220/sf for the top two floors, and a discounted price /sf for the unfinished basement.

Would you offer a discount off of rent? 

-To break even or come close in that area is possible if you can buy at a 15-25% discount of top market value with conservative leverage.

.), and running the 'numbers' suggests nearly 100% return on capital invested post-rehab (though ultimately I still plan to rent).My question is: All else being equal, how much would you discount the price per square foot given the property's neighborhood? 

And also don't discount doing a few deals a year.

As most of you probably know, the current rules (at least here in Nevada) are only written to benefit the tenant; tenants don’t need to show proof of hardship to not lay or get discounted rent.

Straight to the point summary:I'm about to purchase a 3-4 bed & 2-4 bath house in Orange County area.