California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

But a partner could take title to any excess amount. 

To do that, you need income in excess of expenses (through rents, your income, or both), equity, and reserves.

This policy maintains the usefulness of the unit, while preserving them from excessive wear and tear and underutilization.

And there usually already in there new home, so it's vacant, and with that one big fat expense just sitting there eating at them month after listing month it sit's. 

I love helping other investors do their first deal and make a FAT pay check.

As of late, some of the other big players have been trimming the fat.

You don't have to include any government or military benefits, investment earnings, interest, pensions, annuities, or capital gains when calculating retirement income.In 2011, if your Dad is between 62 and the year he reaches full retirement age, he will have $1 of benefits withheld by Social Security for every $2 earned in excess of $14,160.

It is very rare if not never that an owner would ever be cited for excess snow so SFR or a duplex you can push off onto the tenants.

My realtor advised me to budget $300K per sqft for construction costs in my area (Denver metro), but that seems excessive since for 900sqft apt. as it would add $270K on top of the garage cost.