If she instead pulled back on her hours on that W-2 job, she’d be able to reach REPS status without foregoing all of her wage income.State filings are important too.

Tenant keeps a bank account and credit card on file with Obligo, and they authorize Obligo to withdraw money up to a certain dollar amount.

Have an attorney draw up the agreement, but that doesn't get recorded, it just goes in your personal files.

Understand supply and demand dynamics1.If purchasing an existing facility, review the current tenant files, rent roll, and delinquency reports.

If they violate the lease, you give them a 3 day notice to cure (at least in the states, surely there's something similar in CA).If they don't fix it, you file for eviction.

Not understanding that through TROs, bankruptcy filing, and state foreclosure laws a defaulting borrower can tie up a property from 18 months - 4 years WITHOUT making a payment4.

I didn’t get paid until after I filed a lien and the house sold.

The roofer gets up on the roof and finds wind damage , and then the homeowner files a claim and the insurance company pays for a new roof less the deductable .Then after they pay for a new roof , you drop them and get another insurance company . 

What do you use for bookkeeping, accounting and filing taxes, as you start up?

Trace the filings of the corporation you discovered— might give you some clues.