Always introduce yourself as ..John or maybe Reagan is better....Maybe like hi I'm Reagan like the President, your friendly neighborhood realtor....that's how they will remember you and you want them to remember you. 

>  Some LP want cash>  Some want alternative real estate>  Some want individual properties currently within the partnership. 

Going to start by checking into local REÍ meetups and talking to some friends and family that are doing what I’d like to.

The whole thing is not beginner friendly….  

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

Rental income will still be taxed as Oregon source income, and you will also report it on your California individual tax return as part of your worldwide income.

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

Thanks Chris but loan will be in the individual state LLC not on the Wyoming one.

The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player.