Pottery Barn, West Elm, and Crate & Barrel are a touch above without being excessive. 

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

Rolan, I would agree that paying 40% seems excessive given the fact that you and your wife are taking the most risk.

I can't imagine this is legal in any state (as written), I would assume they are saying that their admin fee is equal to 35% of the security deposit, which is quite excessive in high-rent cities.  

First, if the auction price is higher than the amount of the 2011 lien, Jane can apply to the Sheriff for the "excess funds" up to the amount of her outstanding lien. 

In fact he gave me credit for income derived through the LLC including all add backs in excess of my actual cash flow distribution. 

It would be best to get it from friends and familyThose with little experience are struggling to raise money (I am in a group with 20+ syndicators and everyone is raising less and those who are first timers are basically drying up after first $500k-$1M)As mentioned syndication route would be your best bet but make sure to have a great plan in place on what you are going to do and how you will exit

I feel more comparable not leveraging allot of money, however in an excessive saver and make good money at my day job where I work very hard so in two years I’ll be able to buy a second property

What mistakes you made in screening and what policies you will put in place (in writing) so you don't make them again.4th - figure out what the next step is and go through it as a dry run.

This material has 0 tolerance for humidity of any type, and will explode like a sponge if it gets wet a couple times.I have seen situations where homes are closed up all summer due to foreclosure and large portions of the floor start to swell and buckle just from excess humidity and no A/C.