Make sure your financial modeling is SUPER conservative with a lot of stress tests.

., pressure test assumptions, look at GPs past performance vs their projections, etc.) before I make a contribution so this definitely feels like a good group to be a part of.Some GPs who have seemed reputable are still putting in assumptions such as 5% annual rent increases (which is insane in my mind) to get to their exit figures.

Just so you know....a series LLC costs about 10,000 to create and it is a product that is not tested or even recognized/understood in most states.

In short, in the context of real estate, the majority of your time has to be spent in real estate activities (usually full-time workers in other professions fail at this level of the test because convincing the IRS that you work two full-time jobs presents a problem) and the time spent must exceed 750 hours.  

Also learn to do stress test on your portfolio if something happens (higher interest rate, vacancy, etc).5- Enjoy: You need to love doing that.

I ALWAYS reevaluate rents upon move-out - - time to take a litmus test on FMV.Should I squeeze every nickle of cash-flow or be happy with low-to-nill vacancies?

I have a 6 month lease and would like to take the jump and test the waters with the medium term rental.  

. $800 a year in franchise tax fees is my no means sufficient to buy liability protection from a determined litigant.4) Would you hire an environmental testing company to test the land (to which you have no legal access - but I doubt the dead guy would call the cops on you) once the foreclosure process has progressed well enough, but before it's conclusion, so that you tell the lawyer to stop foreclosure in case some major contamination is discovered?

My favorite is, "Do you have a radon test for me?

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.