@Stephen BruceI am not sure you even need a JV agreement, an operating agreement will work just fine.

Even with this carve out available, it does plainly state that a taxpayer does still have the option to go back and amend the prior year return - so both answers can be correct.I would have your CPA/EA review your situation and the related Revenue Procedure to verify you are under this section, which would allow filing of the 3115 instead of amending the prior year return. 

In my mind and experience, it even strengthens your application and chances of getting good financing options.How much you will need to come up with will depend on the type of financing. 1.

So it's maybe not even so much a state being landlord friendly, but more what's the aspect of the county and kind of what's their take on landlord tenant, , interactions, legal proceedings and so on and so forth.

I will always use Turbo Tenant to fill my vacancies, you can even turn an applicant into a tenant right there in the portal, so easy.

Also, does debt to income come into play with the HELOC, meaning will a lender look at that loan and say no way even though I have great credit and the Heloc will be paid down once the deal goes through.

Quote from @Sunkul Soni: Here's a website with information: https://housing.lacity.org/residentsThere's even a phone number at the bottom of the page.

there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

The very few builds that have sold that even come remotely close have sold for a fairly nice premium. 

You could even create a free Stessa account if you want a software.When you get past ~3-5 properties, I recommend QuickBooks Online.