Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

I use the attorney with my title company to draft up the mortgage which is filed with county after closing. 

As a fellow Californian,I will tell you that your small salary doesn't pay for an apartment let alone a multi-family home on a conventional loan.The bank will expect your PITI monthly payments (Principal,Interest,Taxes,Insurance) to be no more then $650.00 per month on a gross salary of 2000.Your gross salary must be 3 times larger than the payment on a conventional loan or even paying rent.The rent you would charge the other families is not allowed to be considered income for the debt to income ratio for their consideration until two years of successful ownership has passed and shown on your tax returns.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

The fine in that article is about a partnership LLC not filing a tax return

I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul