SqFt 1716 Rental $ 110,000 PP Loan Amount $ $ 137,600 $ - Closing Costs 0% Annual Interest Rate 4.5% $ 25,000 Rehab Life Loan (in years) 30 $ 135,000 Total Cost Number of Payments per Year 12 Hard Money Total Number of Payments 360 $ 95,400 Hard Money Payment per Period $697.20 $ 25,000 Escrow Taxes $3,181.00 $ 120,400 Total Loan 70% Cash Left In Home $ 10,478.30 Income $ 14,600 Balance of Sale Rent $ 1,400 $ 2,950 Points 2.45% Costs $ 5,087 APR (6 MTHS) 8.45% Taxes $ 265 $ 848 Interest Pmts HOA $ 18 $ 3,300 Closing Costs 3% Insurance $ 55 $ 20,850 Cash at close Vacancy $ 112 8.0% $ 11,337 Cost of Loan CapEx $ 42 3.0% $ 2,701 Holding Costs Repairs $ 42 3.0% Refinance Management $ 28 2.0% $ 172,000 ARV 100.2 Total $ 562 $ 137,600 LTV 80% $ 4,128 Closing costs 3% Cash Flow $ 141 $ 253 $ (10,478) Cash left in deal 10% NOI $ 1,688.61 1.2% 50% Rule Cash on Cash 16.12% Estimate Repairs Details Equity 25.0% Flooring 6200 Paint 3200 2 Bath 2000 Kitchen 3200 Foundation 8000 22600

But another consideration is any potential property tax increase...Expand if you need the space, but understand that it will cost more annually long after the work is done...

If so, should I create the LLC as to where the investment property resides or would it be ok for me to create an LLC in another state such as Arizona since they have low filing fee and no annual fee?

The answers have been varied with a LLC mentioned most often.But, because of the $800 annual tax CA imposes, a business trust has been mentioned next most frequently or out-of-state, "foreign" LLC's, which although cheaper to implement can have expensive drawbacks (extra tax return, costs if legal action out-of-state, etc), I've been warned.My seed money is $15K of a $20K non-earned lump sum from Social Security.

I've since depreciated a total of $2,000 of the roof's cost on my annual taxes each year since.When selling a rental property, Net Adjusted Basis = Purchase Price + Improvements - DepreciationIf I sell this property now, how do the above amounts factor into my Capital Improvement additions / Depreciation subtractions?

Or $50K of annual premium for 5 years. or $25K of annual premium for about 8 years...The death benefit associated with that much premium would be much higher (>$10M, depending on age).Here is a good tutorial on life insurance...https://www.biggerpockets.com/...The concept of leveraging cash value to invest in real estate is thoroughly examined in this thread...https://www.biggerpockets.com/forums/519/topics/245380-paradigm-life-infinite-banking-whole-life-insurance?

Troy I have found a line that is reasonably priced called Wolf Builders Mark. 

The LLC will also generally involve formation and annual fees to one or more Secretaries of State.

Then, just increase 5-6% annually and make sure you provide her with VALUE.

The con's are the expense of the mortgage insurance - there is an upfront mortgage insurance and an annual mortgage insurance - that then stays on for the life of the loan.