The nature of the business has changed so much over the past 8 years since I started, that only those who are smart and savy enough (and well capitalized) to adapt and change to evolving market conditions are still around (and those that have treated their clients with their clients interest in front of their own).  

As to the servicing issues above, a servicer can keep the accounting separate in house, servicing isn't an account based matter as much as on a per note holder basis, just speak to the servicer, I'm sure they are adapt to loans held in tax deferred accounts. :)      

Since property value of MF is determined by NOI and CAP rates, there are three ways to affect property price: Revenue, Expenses, and CAP negotiations.Specifically in the 20-100 unit space, if we define market as avera...

There are no universal rule of thumbs, but they are adaptable to the risk in your market and the leverage that you're using.

Do you enjoy what investors do enough to keep learning and adapting in that field and market?

It's the ability to adapt to the different market conditions.

So it's definitely outdated - but would you call a business owner who doesn't adapt his business to changing environments lazy?

Been wondering how I should adapt to stay on top of information in the future.

There are pros and cons to each, don't just assume assume which is better for you.......as Ned mentioned, learn the differences first.While Articles and an operating agreement can be amended, it can be more expensive backing up and heading off in another direction or correcting aspects that should or could have been accomplished from day one, with more thought as to  what the future may hold.You're giving birth to an alter ego, unlike kids, we can form the LLC to adapt and grow in as we want them to, it's the planning I'd say most miss.

On premade documents, I am partial to those made by legal publishers (I like Nolo but disclosure I did one work for them, though not forms) as a starting point (don't reinvent the wheel)but then adapt and customize these to your needs and state rules (with advice as stated in 1 above)..3.