What would you say are the biggest advantages of developing a solid core-4 vs. a more established turnkey company that are a few clicks?

Establishing partnerships with sponsors for real estate deals requires a significant level of trust, which is typically fostered through experience and time.

Where are the laws that regulate illegal activities in this industry.

You need to check out the local rules and regulations before you get too ahead of yourself. 

My primary focus is on fix and flip transactions, but I’m also open to buy and hold strategies as an alternative exit plan.From what I understand, an LLC can limit the liability of its shareholder (me) only if it is established in the same country where the property is located.

You want a property manager who is based in that community, who has established relationships with vendors, judges, inspectors....etc.     

Also, with the new beach regulations in Okaloosa County, the beach section where the beach service for Destin West can be set up has been narrowed significantly and the Island Hotel amenities and beach area are no longer available to Destin West guests to use.

Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!) 

My vision is to invest in coliving and section 8 housing. Let's connect!

Eliminate debt, establish a budget, and save.