CA Corporations Code §§ 17701.04, 17701.08, 17708.02, Revenue and Taxation Code § 17941Form LLC-5 (REV 01/2014) Application to Register a Foreign LLC.

The PMI is essentially built directly into the loan in the form of a higher interest rate.

It's essentially a document that the tenant signs affirming certain facts.

You are absolutely right, in that your 100% cash payment is essentially equal to 2-3 downpayments, generating a hefty multiple than 1 house. 

Below are the numbers.9 Units( all one bedrooms ) ( 625sqft )2 units= $880, 2 units= $800, 2 units= $725, 1 unit= $845, 1 unit= $670, 1 unit= $625.Revenue: $74,700Net: $ 55,000There is no property management.

Sufficient insurance coverage is also important and is essential for those with assets at risk, esp. if not forming an LLC.

I would also add that in a hot market, if you are adding real, honest to God value, as in developing out a lot in your case Jay, then it is possible to essentially pay market value and still make a great return.

The guy I went with did an excellent job - essentially, he tore out all the OSB, tore out the ceiling, tore out the carpet on the stairway down to the basement, etc.

Essentially, they are loaning you money at 10%.

Should I offer the owner a percentage of my revenue as incentive for a low base lease amount?