I didn't have enough space in the Title:Novations where the investor uses a Limited Listing that puts them as the primary contact for scheduling showings, receiving/accepting offers and negotiating are brokering without a license.Novations where the investor actually hires a real estate broker to handle the aforementioned for the seller are not included. 

Entity Formation & Legal CostsExpenseLow Estimate ($)High Estimate ($)NotesSPV Formation (LLC or LP)$300$1,500Delaware LLC (~$300), legal service fees varyOperating Agreement$500$2,500Template (~$500) or custom legal workPrivate Placement Memorandum (PPM)$2,500$15,000Off-the-shelf ($2,500) vs. custom legalSecurities Filings (Reg D 506(b) or 506(c))$500$2,500SEC & state Blue Sky filingsAccredited Investor Verification (506(c))$1,500$3,000Performed by third-party verification servicesSubtotal: $5,300 – $24,500

@Ken M. always find it humorous when OOS investors ask what's the best zip code in invest in Detroit!

Hi Syman, BRRRR Invest Academy is not affiliated with Bigger Pockets and I don't believe anyone owns the rights to BRRRR acronym, but I think Brandon Turner made it famous.I'm in the program and the gold mine is in the network of other investors and the constant action from Nate and Jiries to continue teaching beyond what is in the course material. 

new investors often overlook these. 

Nothing to concern CA RE investors   Best wishes

@Noel Mangilit Since you're in LA weighing these things you should come to our investor meetup next week in Woodland Hills. 

We’re actively seeking lenders who can fund multiple properties at once.Open to discussions on flexible financing strategies that have worked for others.I'd love to hear from fellow investors, lenders, and finance professionals—how have you navigated this challenge? 

Piles of other routes to go like looking for partners or investors to help get your feet wet, flip a house to get some quick cash if you have the skill set, etc.

I also spent a lot of time networking with other investors and professionals to get advice and tips.