I take this as opening a regular savings account and using it to just hold the tenants security deposit and informing them about it. meaning you shouldnt have to open and close the account every time the tenant turns over. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.

Always have a plan-or more than one.

He has experience setting up syndications, but past that if you're planning to make moves in California getting started with him or anyone at Cox Castle plugs you into one of the hardest hitting real estate law firms in California with highly experienced lawyers in construction issues, contracts, financing, work outs, land use, multifamily/commercial purchase and sale etc. 

@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

You got to get a little vulnerable on here...What is the plan? 

The plans that are coming out are promising.

@Josh Leighthere are different ways to answer this question... but if you don't have much cash to work with, just save up more cash. 

Also don't bank on appreciation "saving you" and you will definitely be spending a lot more than you would think on maintenance.

He actually just recently bought another duplex in the area that he said he plans to house hack for about a year too.