You end up doing a lot of work in the underwriting, and researching and then the deal could still fall through (this is a very summarized version). 

Of course much of the earnings would be the result of your ‘job’ of being the operating partner of the fund as well as the loan originator.So to summarize, you need to decide whether you want a passive investment, active investment, or a business.

@John BurnsWhile you've received a ton of great advice, I'll summarize the steps and give some articles to guide you further:1) start by buying multi's (MFH) on your own to build a track record2) learn about MFH and commercial real estate investing through books, podcasts, and networking3) build a team of PRO's: attorneys, CPA, insurance agent, contractor, property manager, etc...4) work on expanding your mindset. 

I thought it would be helpful to share some of the results here.The property profile we target is summarized as follows:Type: Single-familyConfiguration: 1,000 SF to 2,500 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is +3,000 SF.Price range: $300,000 to $475,000Location: All zip codes marked in green below have one or more of our clients' investment properties.The ChartsRentals - Median $/SF by MonthDecember rents were up from November.

If google didn’t limit character count it would be much longer.I will attempt to briefly summarize the type of experience you will have if you choose to work with Suncoast:Communication:Please see attached photo showing vacancy timeline.

To summarize this is how I believe it will work.

So to summarize, as I continue to Flip and Brrrr, what could I be doing to grow a team and organize this... thing... that i'm building?

Thanks for summarizing. 

@Jessica Singh  Jaysen summarized it quite well. 

Take a look a this pdf which summarizes the general zoning ruleshttp://planning.lacity.org/zone_code/Appendices/su...Good luck!