In fact I would bet not even the asset protection services who send you down these rabbit holes can and therein lies the problem...

Start with limited funds and use rental income to save for the next investment.Good luck!

I really want something that doesn't require 4WD or AWD which limits options.

It is important to be sure they align with your goals and that you feel they are a right fit for you. https://www.biggerpockets.com/member-blogs/10145/83067-limited-partner-s-guide-to-investing-in-the-right-dealhttps://www.biggerpockets.com/member-blogs/10145/73373-opm-how-to-syndicate-with-successhttps://www.biggerpockets.com/member-blogs/10145/72118-syndication-the-ins-and-outs-of-real-estate-syndication

I'm not a lawyer or expert on deal structuring but what we see the most common is a single GP (general partner) and a number of LP's (limited partners).

If there’s a lawsuit or financial risk associated with the property, the LLC structure helps limit your personal exposure by acting as a liability shield.

That said I have limited experience.

I don't think Red Deer south is a smart bet right now. 

Investing in Detroit in 1950 seemed like a solid bet.  

Also remember the time these returns will take to amend along with the possibility of opening up audit periods/red flags with the IRS due to amendments.Doing this yourself on turbo tax likely won't be your best bet considering all of the details.