I highly recommend letting the attorney prepare the operating agrement based on questions they present you rather than have them mark up your version.

You should look to have a base of cash flow before you are financially stable enough to be in low/negative cash flow markets like California.

@Bryan Nwokem since I don't know nothing about real estate since I'm also new the fact that you said this is a new build and based on the rent I would just go $1,700 a month that would be me if I was in that position but then again I don't know numbers.

Assuming the property value has remained stable or appreciated, when you refinance, the lender will assess the current loan-to-value ratio (LTV) based on a new appraisal.

Using that logic , maybe we should go back to only land owners can vote . 

Eventually I will invest in cash flowing properties out of state.I'm looking for tips and advice on being a land lord such as maintenance, rent collection, taxes/accounting, legal, and things you wish you would/wouldn't have done starting out.

With what you're trying to do I definitely recommend speaking to an agent that is familiar with what you're trying to do as well as a financial planner THAT ACTUALLY DOES FINANCIAL PLANNING.You'll come to find that most financial planners are 100% commission based life insurance agents disguising themselves as a financial planner lol.Good luck!

Based on the sight survey, my property has a 113% electricity offset with a 9.72 kW system. 

The main difference is we will be selling the homes and leasing the land.

When someone passes away, the assets within their estate are subject to estate taxes if the total value of their estate exceeds a certain threshold (this amount fluctuates based on tax code, so be sure to consult a professional).