I have the reserves to handle that.Let me try to summarize the business again.

Many just summarize by stating "operating expenses" average 50%, what they really should state is that "total expenses" average 50% for this rule of thumb.

Ask if they have templates to summarize rental income and expense, and see f they have one you like. 

If there are 3 or more homes and you rent them all out, that is an apartment building.The permit/registration requirements for landlords are summarized at https://dcra.dc.gov/page/renta... 

Since some of the regulations and requirements can be confusing, Logical Property Management (LPM) has created this document to summarize the options for a foreign investor.

I appreciated the way he summarizes long explanations. digs into details and asks the questions I would want to ask :-).

Would anyone here be able to point me toward some resources to study and summarize for the instructor?

I was hoping someone could just summarize it here, seeing as the only thing that pops up are expensive books and lengthy court documents.

To summarize them:"You have to have an LLC or the world will end!""

I will try to summarize what some of your ideas were:My action items are as follows:- Continue attending local REIA meetings, hoping to find a mentor to save me from some newbie mistakes- Research other GEO's that are interesting to me and build a local team I can trust and only then purchase- Call a few management companies or find TK providers.- Go slow- buy one, learn from it, adjust where needed and move on to next one doing proper due diligence.- Consider partnering with an experienced investor, assuming we have the same goals, interest and exit strategy.