I've learned a lot the last year by setting up keyword alerts that are sent via daily digest email.

good question. ...the LLC structure can provide you with the structure you are looking for and the ability to protect your personal assests. your state department of taxation and assessments website should have printable forms, directions and fee list. lastly, the llc structure can allow for you to have one business for ALL of your real estate endeavors or multiple llc's in order to separate the flipping from the rentals, thus insulating the revenues in case one falters.try searching "best business structure for real estate flipping"......this will lead you to many articles and once you digest them you will be more confident no matter what structure you pursue. .... hope this helps.

Lots of 1970s middle class tract developments where the military families and civilian workers lived.   

Lots of good info to digest.

This morning the market is essentially flat as people digested the news.

I think the first thing would be to identify specific goals (Annual goals over the next 3-5 years and also possibly quarterly goals to break it down to one more step...may be easier to digest).Then look at your overall current financial situation.

There are income limits on certain census tracts but as an agent, I have had over 25 clients do it this year on 2-4 unit properties

Here is the issue. ( I am a master carpenter and was once interviewed by Architectural Digest for one of my jobs) There is so much that goes on between the slab, framing and  drywall that it almost never is a 45 degree angle.

What makes this vacant tract more or less valuable than that vacant lot. 

I've been invited to several tract home builds there but developers are too cheap in Santa Ana.