My tax returns are essentially the same reporting as I would have if I generated financial statements, so I will use them as such if necessary.I actually have two PMs since I have properties in two states, but it adds no more meaningful complexity to my very basic spreadsheet layout.

We focus on managing single family homes and smaller apartment complexes throughout all of Clark County. 

I am planning to buy a multifamily building/complex of around 100 units so far I have 47 Single family homes in west Michigan and have a good experience of managing them.

PS - I just want to focus on commercial properties such as hotels, motels, gas stations, apt complex's and so on - is it possible to do this as a part time agent?

Hi Matthew,In general conversation you could say it anyway you want.Some people say "I own an apartment complex with several other investors, we own X doors".Good Luck!

Looking to buy duplex, 4plex, apartment complex or perhaps some SFRs.

I would say that unless its a massive complex in a metro area, using common sense like attached garages or potentially having an elevator would always be a good addition (assuming that you can recoup those added cost). 

If so, and depending on the cost and complexity, will the benefits outweigh just paying the $800 CA Franchise tax?

You have a community of people j done with all the complexities.

Most limit the numbers of rentals in a complex.