Even if it was legal you run several risks.  1) You would permanently damage your reputation in an industry where reputation is vital to get deals.   2) You risk major tax implications related to large capital gains.  3) Comps are not solely based on on the units you want them to be based on.  4) Even if this hypothetical plan worked exactly as you laid out you would be extremely over leveraged and underwater on the other units as you pulled out falsely inflated equity. 

That way, the owner has the peace of mind of not having to manage anything related his financing. 

., Canada or Mexico (initially limited to these county's due to shipping scales of economy, to be expanded elsewhere if I can get shipping costs down).I ask this question for the purposes of:Paying the lowest LLC start up and recurring costs related to the LLC.Having the least amount of paperwork required to start, and maintain the LLC.Having the most comprehensive protection for such a business (& of course, for me the individual owner of the LLC).Aside from the LLC, I will get a CA class a cottage food permit and of course pay CA taxes. 

I’m relatively new to all forms of Real Estate investing and I’ve been considering many strategies.

LolThats great your have relatives that take care of it?

For example, in Georgia, if the decedent died more than 7 years ago, it's possible to do probate with affidavits by other relatives, close friends, who can affirm that there are no other relatives. 

California property  taxes are relatively low thanks to Prop. 13.

Execution of a quitclaim deed is relatively simple, and requires little more than both parties signing the deed and, if required in the state where it is executed, having the deed notarized, acknowledged before a notary or with a jurat signed before a notary.

It's more related to emotions and lack of rational decision making imo. 

I am a relative newbie to REI from Fremont, CA.