People want reliability, honesty, being on time, and having a good personality more than just a few $$.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

It's one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here.

Moving forward since I know the rules I will not copy and paste.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

I recently moved to the DFW area and want to get involved in real estate in the near future (looking to buy a property in the next 6 months to a year).

I have a lot of colleagues with multis in Philly and all are doing well because of low taxes and high reliability, but it has its challenges.

However, if long-term stability is the priority, sticking with the original financing approach might be the better move.

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

I would just over disclose on this and move on.