They are generally flexible though and will let you cross collateralize your other assets if you dont have the cash but theres pros and cons with that as well.

Reason being I just took up a job as a commercial cross country truck driver, so I won't be sitting still!

This side of the street can be awesome, then you cross the road and it is a war zone.

1 bed / 1 bath: $721/month - 1-year lease2 bed / 1 bath: $735/month - month-to-month2 bed / 1 bath: $735/month - month-to-month3 bed / 2 bath: $1030/month - expired lease (was told by the HCID that even if a lease is expired, if the tenant has lived there over a year, he/she is protected like any other tenant with a valid lease)Also, this thought has crossed my mind several times over the past couple weeks--if I'm gunning for appreciation anyway by investing in SoCal, and in Los Angeles in particular, why should I not just go for single-family homes, which have higher demand anyway (and presumably appreciate better?)

California Franchise Tax Board, Fresno Superior Court, No.13CECG02171, Order on Cross-Motions for Summary Judgment, November 14, 2014)The court found that because Swart's interest in the LLC was an investmentinterest and Swart had no ability or right to manage the affairs of the LLC,Swart's interest was not comparable to a general partnership interest and didnot give rise to doing business in California.If you have not filed a claim for refund for non-California corporations or LLCswho have filed and paid tax to California based on their investment in aCalifornia LLC, we suggest you do so now before the statute of limitationsexpires.The FTB will most likely appeal the case, but by filing the protective claim youreserve the right to a refund should Swart prevail in the end.Does anyone care to speculate how this would apply to other scenarios where one was a minority partner without sole controlling interest in California entities OR to entities that just had a place of business in California where the entity was formed in another state?  

Does anyone have experience in a situation like this, and are there good resources that I could review to ensure that I am dotting all i's and crossing all t's? 

Try not to cross any major streets and definitely not highways.

@Brian Eastman & @David Krulac Thank you gentlemen, I needed that clarification as I was getting stuck on the part that because in a non-IRA environment that we always have to depreciate the property, regardless if there is a tax benefit, that it might cross over into the IRA environment.Jim

Most agents want a licensed assistant, it is too easy for you to cross the line into licensed activity and the agent then has a problem.  

E & O insurance has never even crossed my mind, except for the small fee attached to my transactions.