Even if you form your LLC in another state like Montana or Texas, if you’re operating, managing, or generating income from properties in California, the state will require you to register as a foreign LLC and pay the $800 annual franchise tax, among other requirements.

Do you want a local deal because you want to be close by to do the management yourself?

I am completely new to the investing side and would love to find something to meet new people/learn as well as learn more about the city. 

Not many people can claim that.

Most people maintain them in place, or cover with ceiling tiles, until the point where it makes sense to replace with drywall, if ever. 

Would love to hear peoples experiences! 

Forming a SyndicationYou can invest your IRAs and Solo 401(k) in a syndication, but ensure no disqualified persons are involved in the management or decision-making, as this could trigger prohibited transaction rules.

Quote from @Danetta Robinson: Hi wanted to introduce myself, I 20 years of property management experience, I specialize in maximizing rental income while handling all tenant and maintenance issues for stress-free ownership.

Maybe people are moving from inner city to suburbs where prices are higher?

Some people ask for the old siding removed, which is an option.