However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Hello Ivan,I do not work for BP, but my suggestion is that you follow the Build Your Investing Team link at the top of this page if you have not and follow each step including speaking with the prospective members of the team you want to build and with that I believe you will obtain the answers you need.

Face-to-face connections can quickly build trust and often lead to referrals.2.Online Groups & Forums:Utilize Facebook groups, LinkedIn communities, and other local online networks dedicated to real estate investing.

@Chanel Snerling not sure why you are so focused on building?

Using the VA loan to acquire a multifamily is a fantastic move, it allows you to build equity while keeping your housing costs low.

To attract investors, offer incentives like high cash flow potential and tax benefits, and structure the deal with clear legal terms and contingencies to minimize risk.Good luck!

Pace is a brilliant guy- he identified a need and is building a “solution network”.

Buyers and investors who position themselves early will have the advantage over those waiting on the sidelines.For those looking to secure financing or explore investment opportunities, now is the time to build relationships, line up funding sources, and identify target properties before competition increases

There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

Quote from @Eric James: I'll continue the strategy I've been using for the last 2-3 years, building small apartment buildings.