He has connections to trustworthy Agents, contractors, CPA's, and lawyers, and of course, he would manage my property(ies) for me.

@Victor PengContact a lawyer if you decide to purchase the LLC.

Recently, I’ve been interning as the COO for a Real Estate Investment company that handles flips, remodels, and out of state investments, with the goal of scaling the business for increased profitability.My military background has instilled in me core values like resilience, integrity, hard work, and effective leadership.

Assuming there is no C or S corp election in effect for the LLC, then real estate held in the LLC can receive a step up in basis just as real estate held outright can.

Im down to put the work in but want to know 2 things...what would be the most efficient and effective way to use my time to get houses under contracts and to close deals.

Stay current on local rules and regulations that may effect your investments.

Any mistake can create a domino effect and impact both investments.If your current investment is performing well, save up that money and use it to build a pile of cash for a new investment.

Improve Efficiency – By classifying and identifying the various components of your property, a cost segregation study can help you maintain and manage the property more effectively in the long run.

I feel like now the effective rate is much higher than 18% (closer to 30% +)  we agreed on… since they are taking 18% of the net total AND the cleaning fee sum.

It's been talked about for years as being the "death knell" of the industry, but it seems suspiciously quiet since the law took effect.