There are exceptions, of course (one extremely notable one), on both sides - however the real talent that builds value is by the numbers, somewhere else.I've had some anecdotal experience with very dysfunctional policing, and societal expectations that are not inclusive, and do not value a policy framework that fixes the below:Rampant non sustainable 'pockets' of extreme generational poverty, irreversible income and wealth disparities. 

The one thing I see routinely across "young" investors is they don't have a concrete plan founded on fundamental concepts...there are 1,000 ways to make money in this industry...and a variation of each of those.One piece of advice would be to learn OKR's...build this into the framework of your business...there is a learning curve, but you guys will pick up fast.Best of luck! 

That form/framework isn't really there for investors, it's there for new construction when the initial appraisal is done before the framing is even done.

I just pulled up and printed the "Palm Desert Economic Development Strategic Plan" which is a strategic framework for the next 5~10 years.

Needless to say I like to have a better framework then that and I do plan on keeping my full time job for awhile as well because I can't afford to go 100% full time as a realtor until I start seeing consistent results.

Luckily the time frame works out that I won't be needing to give notice until after we close.

However, being that I am new, I was looking to these frameworks/guidelines as principles for every market with the understanding they may not hold true everywhere.Great to see you are PHX area, I travel there periodically and was raised in the area so I have a general sense of what the locales are like. 

It taught me a lot of the framework for my evaluating.

I can provide you with more info on that and give you a referral to a good attorney specializing in asset protection and partnership structuring.Before proceeding, I suggest to have all or most of following questions clarified:Joint Ventures – checklist / questionnaireBefore you can start to set up the legal framework, there are various issues that need to be addressed.

How much you need asset segregation within the IRA LLC framework would depend on the dollars involved.