This has lead to me having 4-6 person houses where nobody messages me except about once a quarter for a maintenance request.

Some buyers prefer this as they don't want to give a statement with their account number and all the different transactions for the last month or quarter.

The protection is great as an LLC, but if you are flipping houses with the LLC the IRS looks at it as a business and you get taxed at the state and fed income rates (brackets you fall within), a payroll tax at 15.3%, if the company is making over $113,700 a year it get's taxed an additional 2.3% medi-cal, and any employee making over $200,000 gets taxed at .9% for medi-cal. 

@Sherry Chen Thank you for bring up the double taxation issue.

Antonio, I recommend finding an accountant who specializes in real estate taxation over one that is local.

Here are some first quarter stats that will help you learn more about the market.The 2021 Bakersfield multifamily market started off sluggish in January and February as the average price per unit declined 5.9%.

But if this was me I'd address this completely differently by including a monthly utility estimate every month and then truing it up quarterly or semiannually.

. $1.50 wash $1.00 dry.Each machine holds about $150 in quarters.

Profit split is cash flow above 8% and profit from sale.A good strategy is to distribute 8% each month/quarter no matter what.

It's a slap in the face to legal operators who paid for their permits and pay quarterly occupancy taxes.