There are lots of great points so I will address as many as I can in this post.Here it goes...Everybody is different and there are reasons why certain investors should invest with a three-tiered system and some should not.

They will usually be fairly open with you in order to get your business and can in turn, learn from them.

Am I going to get a big fat tax bill for the $70k profit? 

The cost of more significant renovations can in part be passed on to residents and used as leverage to raise rents.

Answer questions, ask questions and you will begin to see your network of people grow.I would love to help you anyway that I can in the Memphis market!

The attorney’s address can in fact be used as your address so long as your attorney is willing to act as your agent and you pay for that service (them being your agent).

Yeah, I'd hold on to everything I can in Denver.

Like any investment there are pros and cons and its individual basis as you want to have a balanced portfolio and can you make more financing than you can in other investments.

We will be taking the webinar, and reading as much as we can in the evenings.

Pro:cheaper to create and maintain (state fee) You can have multiple child LLC on shelve ready to be used for no cost.You can in theory have only one bank account for all the LLCs and only separate them on paper with excellent bookkeeping.Con:Not recognized in all state, and interpretation of their separation may vary in foreign jurisdictionRelatively recent and not a lot of case lawSpecific operating agreement needed and not all lawyers are very familiar with itMay have some issues when dealing with title or banks who are not used to them.May lower some of your anonymity as will link all the series together.I do have some series LLC and also some vanilla LLCs.