California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Wish me luck guys, the beginning stages are nerve wrecking!

@Benjamin Hurwitz thank u so much for your knowledge and the time u took to explain everything I’m the beginner stage something like a blank canvas so I’m going keep saving and continue to work on my credit and take a few realtor courses thank u again

In terms of the speed (date on market) and all-inclusive services (cleaning + staging + selling), should we be looking at big companies like ReMax or Royal Lepage?

I'm financing with 70% loan, but putting almost all of my excess cash down on this even after that, so won't be able to do another deal for a year or two.

You won’t be disappointed, and will be able to keep on generating monthly income no matter what stage of the business cycle the market is in.

“Net Amount of Risk” ...The S&P Index Crediting does NOT include Dividends. ...There is a Crediting Cap. ...You Don't Keep “Excess” Returns. ...It's Complicated.

you could have applied it in this scenario so that you won't have to deal with traditional lending again.Someone very wise once said that the quality of a person's life is represented by the quality of the problems they are solving...Persevere through the difficult beginner's stage and the problems you'll be solving will be much better than this one :)

Currently in the beginning stages of living there so I still have a lot to learn.

That’d be excessive and likely unenforceable in almost every state.