- **Tax Advantages**: Mention potential tax benefits of seller financing, as he may be able to spread out the capital gains tax liability over time.### 5.

Dig into what they need and see if you can provide the administrative support as I mention in #4 below.

It's all about what your comfortable with @Joe P.As @Todd Dexheimer mentions, get on a few more lists, research the sponsors you are interested in that meet your criteria. 

As already mentioned in the responses above, figuring out your break even point (how many months it will take you) will be important for determining whether to move forward with that or not.  

Quote from @Stephanie Lopez: I have been listening to different podcasts and some mention that high-end competitive markets like Orange County, California could make it difficult to start an investing business.

@Jerry K. mentions how good his attorney is.

As @Sam Grooms mentioned, we've competed (unsuccessfully) against them in the highest and best.Everyone has their "tricks of the trade".

Along with the concept  of leasing properties to an LLC separating personal assets being flat out wrong, there is also no mention of leasing a property to an LLC for additional liability protection. 

We travel there when we can and bust out projects but winter is coming and reliable teams are hard to come by (not to mention the financial concern).

I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands.