NAICS code is irrelevant and government uses it for some data but other than that you could choose basket weaving as a naics code if you want.

A Major Complication – The "Phantom Parcel" & Title Defect:This is where it gets even more complex.

I own the majority (~54%).We only have 1 tenant now.We are doing arenovation of the existing duplex and building an ADU complex, Once finished,we will have around ~5,000 sq ft of living space across 2 2 bed 2 bath ~1,000sq ft ADUs, 1 ~2,000 sq ft 3 bed 3.5 bath unit in the existing duplex, and 1~1,000 sq ft 2 bed 1 bath unit in the existing duplex.This will be a 4unit (s 4 tenant groups) property butunits will likely be split so that is not equivalent to only 4 individuals.There will be a total of 9 bedrooms and 8.5 bathrooms.Given the size ofthis property once completed and the amount of individuals potentially residingthere, AND given the multiple ownership dynamic, does it make sense to havethis in an LLC once it is completed or is that overkill given we only have theone property?

Hello all,I am building a 2 story ADU complex in Los Feliz.

If there is something complex about this deal, then maybe that justifies more.

We are building a new ADU complex on the property and doing a renovation of the existing duplex.Situation Summary: A lot of $ need to be spent on the renovation and certain owners (i.e., me) plan to cover a disproportionate amount of the costs than their pro rata share would imply (based on the latest deed recorded with the county).

I also do not disagree that delaware for example has more case law to it, but most of the people here on BP are single family or small mutlifamily which those disputes are not as complex as a large commercial deal with high profile tenants and lenders etc. where things of course can be more complex.

Purchase price: $13,000,000 Key principal and asset manager for over 200 unit apartment complex.

They previously stayed at a reputable apartment complex in the area so I can get a landlord reference.

The capital stack especially in CA is VERY complex and typically involves everything and more that you mentioned.