@Denise Roman  I believe what @Katie Lepore is referring to is the requirement for you to register your LLC in California since you and your husband live in California and would be deemed to be "doing business in California" since you're managing members of the LLC. 

Imagine being a flipper and not being able to sell for your price, you obviously then probably try to rent and maybe you cash-flow initially but, then HELOC rates climb and you can no longer afford it now not only is your newly bought investment at stake but your old investment to which your HELOC is tied to is at stake too!

There are so many options to choose from but I would advise you to is to Fix and Flip in a trio with Buy and Hold and 'house hacking". 

I have analyzed a number of renovations and what it typically comes down to is the price/sf is not much different than new construction price per sf.

I buy all over Newark, JC, Orange, and the areas you are referring to.

It seems every company I talk to is a general contractor. 

He is a great leader and skilled tradesman.I have my ND real estate license, but have been inactive while we decide where we will be relocating to.  

Having a p.m. that you pawn off coordination of repairs, inspections, leasing laws, etc to is invaluable.  

Account Closed  I love the ADU play in portalnd and even more so because federal law allows you to pick and choose who you can rent to.  

I have legally 4 -- 1 br units,, I advertise large studio perfect for one person,, I don't want to rent to 2 people,, I don't have to, I limit my apartments to only 1 person and if they want a roommate,, guess what they have to move..