We purchased the home on 02/17/2022 for $185,000, invested $500 in minimal renovations, and sold it for $234,000 on 04/12/2022.

Continue exploring various strategies to optimize your purchasing power and minimize upfront costs.Using an FHA or VA loan for MFH acquisition can indeed be advantageous, offering lower down payments and favorable terms.

If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.

Currently working on analyzing properties, with a goal of minimizing human emotion  and solely looking at the numbers to purchase positive cash flowing properties.  

I think $2500 is quite fair if it's a two-bedroom home in questionable repair, which it may well be.your response shows your knowledge of CA rentals is minimal.  

As mentioned above, the liability and tax benefits of an LLC are really minimal.

As an investor we just have to minimize our risks and plan accordingly.

It needed minimal work to get it ready so I jumped on it.

I think this would be more of a long-term hold for cashflow purposes, however it seems minimal to start, and I feel there is likely little to no appreciation with this property. 

This can minimize potential liability or tax issues later on.Bank Accounts for Each LLC: While using a single business account may be convenient initially, opening separate bank accounts for each LLC might be necessary as you expand to maintain a clear distinction between each entity’s finances.