California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The bank of Jonathan is drying up. 

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

Having some dry powder to take advantage of opportunities is valuable. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Get a drying rack.  

But if it feels like it's bleeding you dry and you are in a place to hold it to wait for either rental rates to go up or for the appreciation to build a bit more, then yes, I'd go ahead and sell.

Tl;dr: I currently have three properties with Ohio Cashflow and just requested a fourth because I trust in the team and believe it is a great investment.I’m supposedly a unique investor for OCF because I actually live in the Toledo area as well.

I talk to our local Section 8 office frequently as a property manager and in the begin they made it VERY CLEAR that the minimums are to protect the landlord AND the tenant.Most likely, the tenants are not going to have excess cash flow or savings to cover any of the damage to your "upgrades".