You can establish your LLC while you're in escrow.

Instead, run your business in a professional manner, be polite-firm-fair, abide by the law, mitigate your risk, maintain proper insurance coverage, establish a sound rental agreement, enforce the terms of the rental agreement, courteously attend to tenant requests as they arise, understand the difference between tenant needs/wants and landlord needs/wants, set boundaries, maintain the property, and attend to issues in a timely manner.

It sounds like a ton of work but the majority of them hustled really hard for 2-3 years and are now well established.

If you are trying to establish a long term partnership, then you can form a holding company that will then own the individual entities for each property.

You are also allowed to do a ‘cash for keys’ agreement with them tenant.If you have established a relationship, you can maybe negotiate an undisclosed amount where you both agree to and they just walk away with a signed contract. 

Hi all,I am an international investor (South African living in the Cayman Islands), looking for a CPA / tax accountant / attorney that might be able to assist me with:- establishing an LLC- obtaining an ITIN /EIN- setting up a bank accountDoes anyone by any chance have any contacts that has experience assisting international investors with the above?

For me this involves being able to identify the seller's interests and establishing legitimacy.

To establish rent on a multifamily what would be the best way to do it?

So if your targeting remodels as development then you have better chances as the commercial aspect is already established and, in most cases, adding residential and the draw for ppl to live there is a much easier sell then if the situation was reversed.

Risks that I see are rent control (already in some places), lessoning housing regulations (there is a proposed regulation that would let any SFR be converted to a duplex, there is already ADU rules that allow an ADU to be added to most SFR, and parking requirements are constantly being reduced to allow more affordable building options), possibly at top of market (which if past history is an indicator even if Bay area is at top of market a new high will be established in no more than 8 years), potentially any number of other potential Landlord unfriendly regulations (no STRs, disallow criminal checks, rent control (already discussed), longer more onerous eviction procedures (already can take a while in some cases), mandating acceptance of Section 8 (already true in some areas), etc.).You evaluate the return versus the risks and determine if the investment appears sound.