This time is different."  

I can see this industry moves at the speed of light and it's a bit overwhelming... once I get my ish together I would like to connect.

Not much you can donor say at this point so I would just let it go.Normally I would screen with the few questions you can legally ask.

If you're still worried go with the accountant in the state you are most worried about and plan to own the majority of your properties in.

This should quickly calculate your half and their half to  report.

It sounds like a promising opportunity, and I’d love to connect further to explore this.

this way you won't need to rebuild the principle. 

I have a considerable gain from my CA flip, if it sells/ My choices are 1) Just pay the cap gains tax and get to freely do what I want with the liquid funds. 2) 1031 Out of state and file the FTB 3840 forever.I'm just getting started and made sacrifices to get this deal going.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Any tips on finding good property management?