@Tammy PriceOne more thing, if you decide to finish your basement make sure you have NO moisture issues that will lead to mold. 

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

I am wondering about lenders typically wanting a borrower's net worth to be equal to or greater than the loan amount, have a DCR in excess of 1.25 to 1, a Global Leverage no more than 75%, and such.

My last offer has a gap coverage in excess of $50k.  

Excessive overhead and material expenses is likely to incur for the less experienced investors as well as management problems associated with such a large project.

Any excess loss or credit is carried forward to the next tax year.

Anything in excess of that comes from the participant. 

.), and I have even selected one over anther because one has tattoos every inch of his body, and no I didn't tell the applicant he was turned away for excessive body markings and piercings.Getting back to familial status, if it is a violation to select a married couple over an unmarried couple, and if you tuck "roommates" under the umbrella of unmarried couples, then it may apply, perhaps loosely? 

Might use this excess collateralization with this same bank on another property we are looking at. 

It appears the Court held the Plaintiffs are entitled to recover the excess proceeds, not the real property.