Real estate, and investing in general, is like a snowball.  

I am clueless when it comes to the economic development board, but I do know that Waco in general is extremely business friendly and has very little regulations compared to other Texas cities.

Because it can take 6 months - 2 years to obtain a court date, judicial foreclosures in general take longer than non judicial foreclosures.  

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

I have heard that land/house flippers some time look for cash investors as these are generally all-cash deals.

An Irrevocable Trust, provides asset protection (you would already have this with the LLC), but it cannot be generally altered or terminated in the same way that a Revocable Trust can be altered or terminated.

It would be nice if the SEC or the Texas Attorney General proposed some legal remedies. 

I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?

I generally avoid wholesalers because my experience has been that they are unwilling to use a standard purchase agreement that is fair to both the buyer and seller and they do 'shady' stuff.

This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."