While an LLC is a pass-through entity in most states (meaning it's disregarded and you just report the income on your own personal return), California is a bit different in that it levies a minimum $800 fee on LLCs doing business in CA. 

The woman lives 5 hours away, will be meeting her in 2 weeks with my contractor to do the inspection and sign the purchase agreement.

The woman lives 5 hours away, will be meeting her in 2 weeks with my contractor to do the inspection and sign the purchase agreement.

But the idea is that once minimum wage reaches $15.00 an hour people will have more disposable income for rent.A downside of investing in socal(SGV specifically) is that you need a lot of cash to play.

The husband passed away winter 2017, and now there are two separate families working to come to a buyout agreement of the minority 1/3 interest and consolidate control with the wife's family trust.The property was purchased in 1999 with an assessed value of $700k ($600k building, $100k land).

The attorney for the seller (Fannie Mae) suggested that I sign a hold harmless agreement so we can close in time.

We sign the rental agreement at that time, so they get the agreement and the deposit agreement. 

Do I fill out and sign the Seller Non-Agency Agreement or the Buyer Non-Agency Agreement even though the Real Estate Purchase Agreement does not have me listed as a broker?

The guy I used was $300 for a 4 hour minimum.

Now if you think the owner hid a major roof defect and it’s costing you $15K then that’s another story.In the closing document, there was a agreement of a final walk through for myself.