JT McGraw - When you install the new ones, invest in installing some inexpensive clear or cabinet color matching vinyl / plastic cabinet liners so the bottoms are protected from spills and scraping.

You need to take advantage of the long term fixed rates you can get with a secondary market loan when you are beginning as they become harder to obtain as you grow.I am not suggesting the LLC because there is an incredible need for it, especially if you aren't going to have much equity, but rather as part of the process.I have always believed if you don't do things correctly when you are small, you will not do them correctly when you are big.This conversation doesn't really even get to the heart of why you may want an LLC to protect what you may have accumulated in wealth so far in life non-real estate.Thanks,

I'm wondering if one LLC for each investment is even possible for maximum protection.

An added bonus is the asset liability protection, but I realize a good insurance policy is an adequate substitute for that too. 

This also was foreclosed on back when the tenant protection act was still in affect.

I believe your potential partner is looking to ensure that his money is protected and that you don't run off with it. 

For those not aware Costa-Hawkins affords certain protections to property owners in California.  

I assume that one would make this in order to send out yellow letters to find out whose interested in selling...I've created entities for asset protection so that my personal information is kept out of the public eye.

Be sure to protect your renters and yourself.Mike

How did you come to  a price, and how are you protected in the deal?