But LLCs and banking accounts is mostly your personal preference of how you would like to organize your business structure.

An established organizer offered me a partnership and wants to give a friend 10% equity for scouting new locations.Questions:1.Would hiring a professional real estate agent be more efficient and beneficial than giving a friend 10% equity for this task?

No matter who applies, you follow the protocols of the objective process you have in place.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

There is an organization in LA that will help you navigate the permitting process and provide some advice/guidance *before* you go to the permit offices and let the cat out of the bag.  

Furthermore, delaying decisions may prevent both parties from pursuing new opportunities aligned with their respective goals.Evaluate your long-term financial objectives and personal aspirations for the portfolio.

Computers can calculate square footage, number of beds/baths, and other objective criteria, but they can't measure the subjective things like curb appeal, flow of the floorplan, view out the living room window, or the grating irritation of four barking dogs in the neighbor's back yard.Learn to study the market and how to evaluate properties on your own.

You get your money without the tax hit at the moment and hopefully continue to profit off them,   If the objective is long term passive income, it doesn’t make sense to sell them… it moves you away from your goal post.  

Can definitely help explain, organize and strategize.

For primary residence #3, we bought in the path of progress; so, not a live in flip per se but similar in that we will get high organic appreciation and also add value through easy rehab such as refinishing floors and railings, replacing fixtures, improving landscaping, upgrading tile, etc.