I leaned that from my lawyer who I called to refer me to an “investor friendly” attorney.

First, I am not a lawyer nor a CPA. 

And I understand the negative impact a bad or negative team member can have, be it a realtor, contractor, accountant, lawyer, etc.  

Obviously it’s time to ask a lawyer .. 

Our professions are not related to real state or construction, and I never had to constitute any kind of company in the USA (did back in Spain, but laws have nothing similar).After much reading, the only two things I'm starting to get clear are: that buying and selling within a year has very different tax implications than living in your home for a few years then selling it, and that I should find at least a good CPA and possibly a good lawyer specialized in real state to figure out how to structure this to minimize taxes and liabilities.At the end of the day, my goal remains the same that I want to end up with a couple of investment properties, don't necessarily need to base my retirement on that, but just to not have all my eggs in the same basket.

At the end of the term they exercise their option agreement, execute an agreement of purchase, get approved for a mortgage and take title of the property.Make sure you work with an experienced mortgage broker and lawyer to make sure you do things right for your area. 

We've already started drafting a partnership agreement and will have a lawyer look over it just so everyone is on the same page.

My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

@Brieyon McBride why not have a lawyer just prepare one as opposed to review one?

The ones that I crossed off my list were those that avoided tenants, didn't have a way of getting things done without lawyers, or those that didn't really like people.