LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.

Most people will set aside approximately 50% of the gross income for reserve to cover maintenance, taxes, insurance, vacancy, etc.

Avoid increasing, and if possible reduce, your exposure to these financial risks.For example, you'll want to avoid becoming a cosigner on a loan, taking out an adjustable-rate mortgage, and taking on new debt all of which can increase your financial risk during a recession.If you're an employee, you'll want to do everything you can to safeguard your job, such as performing top-notch work and improving your productivity.If you're a business owner, you might need to postpone spending on capital improvements and taking on new debt until the recovery has begun.

Some of my units are in SOMA and East Cut and I bought them to align with expanding office space and tech employee base with the likes of Salesforce and Facebook buildings etc.

So from selling you gross $417,338.67 then pay off the $276.870.70 in loans, your net is $140,467.97$140,255 vs $140,467.97 - looks the same right?

But understand that SS is a business, employees, software, marketing, pricing, etc.its not as passive as other long term rentals

I can either put it in my employee retirement account which is not maxed out yet - (btw do I have to personally make sure I don't over fund this each year or is there some kind of monitoring going on?)

Some properties just lend themselves more to one approach than the other so this combination approach may even be a wise long-term strategy.In order to grow your rental property, you need to generate cash and house flipping can be the means by which you do that.Experienced investors caution against focusing only on house flipping because it requires constant attention, time, workers and employees, and energy.This can lead to a lot of cash but no passive income.

An average monthly gross of $7k is definitely possible, and I'm thinking your mortgage would be under $3500. 

This is something I had heard as well (city as agent for county in this way), but the City employee who handles HOT inquiries for the Office of Economic Development in downtown didn't know anythi g about it and told me I wouldn't owe anything.