When I’m near a computer I’ll check if I see anything. 

If after the funds are paid into the business account and my friend writes a check to their personal account from the LLC to get his money out, are there any accounting implications?

It takes great character to sit on cash.

Also, check with the property managers and ask if you can interview 2-3 current clients of theirs.

Yes, we have a complete check list to onboard the client.

My recomendation to you is to talk to a few reputable property management companies first, check the zip codes/ areas they work and then start your research from there. 

your W2 income is going to subsidize your portfolio for the first few years.That’s all great advice and I always welcome a good reality check.

3) Check out some of the local meetups that you can find in this forum!

Check for any encumbrances or liens on the property: Before finalizing the purchase, make sure to conduct a thorough title search to ensure that there are no encumbrances or liens on the property that could affect your ownership rights.While you can start with a California Real Estate Purchase Agreement template, it's important to remember that each transaction is unique, and you may need to include additional provisions or negotiate specific terms with the seller.

Click here to read latest BP Article on this topic@Spencer Gray Fannie and Freddit are now not allowing any STRs or AirBNB-type units on multifamily assets - see article link above for details@Ben Leybovich Beware...check your loan docs.