If you haven't heard about the Freakonomics bit on real estate agents and how their incentives aren't aligned with yours, watch this 3 minute video here to get some insight into the problem.https://www.youtube.com/watch?

As I understand it, that is the best option for buy and hold real estate investments in LA.The second option is to elect taxation as an S Corp at the time of formation of the LLC. 

I have already begun to format a letter to announce the change.

[Edited because formatting hates me]

Click below to watch the video (If the page doesn't load, turn off your ad blocker.) 

Tenant wrecks a unit.Your reserves should be held in a relatively liquid format. 

Hire out the major work if you're not qualified and/or it requires permits, but little things like cosmetic upgrades are pretty easy with youtube instructional videos. 

@Dan HandfordHI Dan,there are a couple of videos in the manage right that we discuss RUBS.

Escrow wants everything to be cookie cutter easy and submitted in their format.  

Hello Mardochee,How is your team formation going?