@Adam DallacorteI agree, it depends on how your rental is looking cash flow wise.

Would it be wise to buy a lesser expensive home cash for say 70k, put in some updates for maybe 20-30k and then try and take out 80% of your money to do again?

But your best bang for your buck is going to be with a nationwide intermediary service that has enough economies of scale to be in the middle price wise. 

Every month the market goes on as is, they're becoming less and less productive.All the wise things that a person new to the real estate business should be doing to establish off-market deal pipelines really do take TIME to develop.

My question is what is the best way to legally structure to protect us both and also best structure tax wise. 

It does not hold up as advertised, it can't be refinished and consumers are wise to it. 

It is definitely not a Brewerytown or Point Breeze yet development wise but don’t we all wish we could have bought at the bottom of those markets?

I am looking at several buildable level lots for sale in the Los Angeles area, they have real streets not paper streets, they have houses most of the times on both sides... is it still a wise idea to build on a lot in L.A from scratch? 

@James Wise Thanks, I very much appreciate the feedback

@Lindsay ButlerHi Lindsay, I have invested in Franklin and did OK for my first flip (not profit wise though).