It's designed to protect assets in the event of lawsuits, negligence, etc. and it only applies when there is underlying insurance coverage. 

Quote from @Theodore Sutton: Check out the site meetup.com and also the events page on BP for meetings up in your area to meet people like this and build relationships.

hey hunter, best of luck on your journey. make sure to go to all networking events in the area and possibly even starting your own to start building footprint in the area.

If the SEC came sniffing around and your main job was raising money and all you do is attend a weekly meeting, good luck to you! 

I have a couple STR investors do this here in the winter months depending on the events coming to town

Long story short, as others have advised, attend local REI meet-ups to connect with your team, vet them, and begin your process.

In any event, that would mean I’d owe the IRS approximately $6k on each tract of land that I sold?

Besides reading and listening to podcasts, my wife and I attend a local real estate investor meetup that has been extremely beneficial. 

Newer buildings now have state-of-the-art amenity packages with pools, gyms, co-working spaces, high-speed internet, and community gathering spaces where savvy property management groups will have apartment building events to encourage this sense of community, all being a level of convenience and neighborhood community people cannot get anywhere else.

I will be attending a real estate meet up tomorrow night in Seattle but would appreciate any advice before the meet up.