You might be able to hire a GC for a fee and bank loan purposes, but let them sub it to your dad. 

Winning the suites is not the purpose of your landlords actions.

This will avoid needing to foreign qualify your out-of-state entity in the State you are buying the property in.However I am wondering, if I am forming an LLC, with the sole purpose of buying tax liens (I am a foreign national btw), and I don't wish to limit my tax liens acquisition in just 1 State, but instead buy tax liens all over the US..Do i need to foreign qualify my LLC in EVERY State I buy these liens in?

If I want to call that “investment”, comparing to 2% bank CD, then it should deliver 10K net, which is min18K with all the expenses.

For those not from the Bay Area, I was chatting with my banker the other day just comparing the "craziness" now vs 2004-ish.

If you are going to start your mgmt llc, then you need 2 bank accounts and 1 saving.Mgmt LLC will need a bank accountthe Property LLC will need an Operating Checking and Saving (for tenant deposits)This isn't for tax purposes, but for accounting purposes.

Interview several so that you can compare before making a final decision and good synergy is a must!

Comparing the NY & FL markets you also have other elements like heating and snow removal which usually fall on the landlord. 

There is a property in Modesto, Ca that we are interested in putting under contract with the purpose of flipping the property. 

I think investors who are simply comparing the difference in cap rates between investing in California market and the Midwest are making a mistake.