California Franchise Tax Board, Fresno Superior Court, No.13CECG02171, Order on Cross-Motions for Summary Judgment, November 14, 2014)The court found that because Swart's interest in the LLC was an investmentinterest and Swart had no ability or right to manage the affairs of the LLC,Swart's interest was not comparable to a general partnership interest and didnot give rise to doing business in California.If you have not filed a claim for refund for non-California corporations or LLCswho have filed and paid tax to California based on their investment in aCalifornia LLC, we suggest you do so now before the statute of limitationsexpires.The FTB will most likely appeal the case, but by filing the protective claim youreserve the right to a refund should Swart prevail in the end.Does anyone care to speculate how this would apply to other scenarios where one was a minority partner without sole controlling interest in California entities OR to entities that just had a place of business in California where the entity was formed in another state?  

It may sound very appealing because of the low asking price, however, it turns out that banks aren't very interested in giving you a mortgage on a former grow-op property.

That is worth examining.The best thing you can do is work on your criteria and understand what kind of property is most appealing to you and why.

Currently buy and hold seems most appealing and conducive to me as I have a full time job.  

I don't like wraps and think options are a better way to go, so this idea appeals to me.  

I know a lot of people start off this way living in one half of a duplex and renting the other, but this never appealed to me.

I'm definitely a visual learner so the videos are great, and since I live in Austin I'm interested in the tree ordinance, also.Where is the next meet up that you and Jerred are referencing?  

Now I invest in central valley and my returns don't meet the 1%, 2% or 50% rule but I am able to buy class A properties that appeal to professionals for @160-235k.

I think the idea of a deal where they could continue to use the place occasionally might appeal to them.

I know there are several investors throughout town but I want to plan a meeting that is appealing and will encourage attendance.