LA county is a bit of an odd bird for a county as it kind of seems that its cultural centers and economic centers aren't physically aligned in the same way as they are in higher density locations like San Francisco.

Most likely it would be seen as running an unlike business operation not in line with the Articles of the Incorporation of the LLC, the purpose of the business would be acting outside its intended and stated purpose.Now, you'd have no issue with that if you were investing in company owned property that was to be used to further that business mission, such as owning the company office.It could be more complex, you might have a parent entity that owns two subsidiaries one in communications and another in real estate and consolidate earnings.See you attorney and tax advisor.You may need to change your tax elections.Another area, with unrelated partners you might consider funding a buy-sell and key man agreement with insurance, you can obtain life insurance on each partner as a business expense, the policies being owned by the company.

I am not handy at all (software engineer: great at building software suck at anything physical) so I think I should probably utilize a rental management company.Thanks again for your kindness and patience with a rookie just trying to soak up any of your knowledge I can to become a seasoned vet in a few years!

@Mike Goodrich The price is variable (obviously) based on dwelling amount (cost to rebuild the physical structure(s), amount of rehab, deductibles, and company and coverages.  

Check for economic occupancy as well as physical occupancy - how many of the occupants are actually paying on time.Check into submetering the utilities through a RUBS system. 

I am pretty sure its been over a week since he has physically been here.

It is the Stock Certificate that you need to safeguard, that can be anywhere, everything else can be copied.The best place to ask specifically would be the Secretary of State's Office for the state of incorporation.  

When the lease is singed I physically walk the property and explain what is what and what they need to do.ExamplesIf a cabinet knob is loose, get a screwdriver and tighten it.

There is just no point in incorporating.

(makes sure you get a physical 10% off coupon).