The podcast brings up some issues to consider regarding the creation of an entity as well as insurance concerns.

Yes you should definitely have an attorney handle the creation of the documents.

So here goes....Purpose (2) - Portfolio Creation / Income Properties (Raleigh, NC)I currently live in Massachusetts and am a recent transplant from Raleigh, NC. 

The appreciation and wealth creation of real estate performs best over long periods of time.

Once I no longer have a day job, I can begin the real wealth creation by going full time into REI and starting new businesses.I'm currently pursuing #3 on your list.

My hypothesis is a process like this occurs, (this is likely too simple though to be predictive):Population Growth (Natural) ---> GDP Growth ---> Job Creation ---> Domestic Migration ---> Increased Personal Income ---> High Property Prices (assuming constant supply)Macroeconomic Demand Factors (individually or in specific combination):Increasing populationPositive net migrationIncreasing GDPIncreasing total jobsIncreasing Personal Income/CapitaIncreasing average earnings/jobIndustry DiversityFavoured IndustriesMicroeconomic Demand Factors:SchoolsCrimeWalkabilityChanging demographics/area reputationetcI look forward to your comments.Regards,Jacob

The real challenge is that the creation of a 3rd unit in the same structure (in San Diego, at least), puts your project into the commercial realm ... and the requirements are much more involved at that point.

Old Town's mill is being shut down, so jobs are being lost, and East Millinocket (just north of where you are considering investing) is fighting a National Park creation and has no economy to speak of at the moment.

It really is a great market for wealth creation, plenty of 6-figure deals to go around. 

the way I understand it is because the original merchant account was created with  the creation of the intuit payment network,  IPN.