I have also been conducting side research in addition to reading books.Lafayette, LA isn't a cheap real estate market.

When conducting an acquisition of multifamily real estate you will be using leverage from a commercial lending institution.

In my area, the fire department would not 'grant' me access to my home until they had conducted an occupancy inspection ($100 fee).

Has your agent conducted any OPEN HOUSES? 

In a line previous in your posting, you also said that you asked for the names of the applicants at the open house… I don’t know how this PM conducts business but we WOULD NEVER divulge our applicants to an Owner … I get it it’s your property but 1) you are under contract with your PM; 2) the Tenant and the Applicants are the PMs client’s; 3) depending on your state and/or PM agreement you may be violating the applicants right to privacy and 4) you may violate fair housing which would also put your PM at risk… so no we don’t share applicants.

Plus, and Indiana, you can avoid having to conduct annual meetings and filing lots of paperwork if you keep your LLC articles of organization simple.I may spend more effort choosing the name of my LLC than actually creating it :-).

You ALWAYS have to conduct due diligence on any purchase regardless if it is OF, FHA, whatever the case.

At this auction the bank will provide the trustee (attorney who is conducting the auction) with an opening bid. 

Here is FTB's definition of "doing business":https://www.ftb.ca.gov/businesses/Section_23101.sh...If the "tax payer" they refer to is the LLC and the LLC is only conducting business and owning property outside of CA, I don't see how it matters where the member(s) or the manager(s) of that LLC lives.Think about it like this. 

Also, how do I go about conducting this transaction with an investor?