I'm still working on if that is an assessed value last sold price recorded or a mixture of the two to arrive at a valuation.Zillow estimates the value of the home at 123,119 it is in a solid C neighborhood (possibly low B not 100% sure of the neighborhood grading scale still learning) It is in a neighborhood of other home that has a weber county parcel search value of 100k+ and Zillow value of 125k+It looks like a good candidate for a flip or the brrrr strategy.

So far I have:Built a standard parts list and supplier list: windows, paints, flooring, cabinets, sinks.Established a good primary realtor.Made a standard of what I will do to distinguish my apartment units in the market.Hired a property management to deal with the increased number of lease up's and tenant shake out (note- I have only had 1 tenant move).Started using a documentation system for projects (Trello) and files (Google Drive).Built a solid relationship with a commercial lending arm of a regional bank.Areas to improve: Marketing- I have been MLS primary for my deals focusing on heavy rehab needed C class buildingsWebsite- slacked on totallyAttending network events-  in the 2 years only made it to 4 I think.

- General anxiety about investment property in C grade area and buying the first time.

however... even in a "C" neighborhood in california, are you expecting appreciation?  

If you had an S or C corp, it would be totally different.

There are C areas where good tenant placement is key that will cash flow $400/month and B to A areas that will cash flow $100-200.

A building in a "C-" area may require more than 10% for Vacancy reserve.As far as the LLC, I have no personal experience with properties.

c) Is this for a purchase or refinance?

Purchase price: 35,200Repairs: 3,250Duplexb-/c+ neighborhood Yearly PITI: $2,952Water: $1,200Electric: $720.00Property management: $1,320Maintenance: $1,200Vacancy: $1,200CAPEX: $1,020Total expenses: $9,612Gross income: $12,000NOI: $2,388

Double - digit yielding, performing in 90 days units in B-C neighborhoods we know and trust.