He talks about a lot of aspects in real estate.

Also, by doing these recordings, you will force yourself to pay attention to every aspect and detail that might need attention, without really annoying the showing agent by slowing the viewing down too much.Lastly, go online and look for housing inspection check lists--there are dozens listed there, and then check for your local 'repair costs'. 

I understand that the credit agreement, loan doc, etc. will have defined terms that would most likely answer this question, but for now, let's ignore any comments about reviewing the loan docs.Has anyone ever tried this approach? 

This works for us because we have some amazing employees who can do every aspect of a job minus HVAC and plumbing.

@Andrew MerewitzState of LLC FormationIt is normally advised to create the LLC in the state that you will be holding the real estate; Florida in this case.If you created the LLC in New York - you would be required to register the LLC in Florida; increasing your total costs.Please also be advised that it can be costly to form an LLC in New York.Location of CPAThe important aspect of looking for a CPA is that he/she understands the taxation of real estate.Technology(emails, phones, skype) allows you to communicate properly through an accountant eventhough he/she may not be in the same city as you.Florida does not have a state income tax.

Once you figure out your why and your passion, you line up your goals to support your why/passion and then your investing criteria are much easier defined to support your goals. 

Maybe something that allows you to network, establish connections, learn the business or aspects thereof.  

My question in the class was, how they define “investment” in the property, if they refer to just the mortgage principal, or if it includes any improvements done inside the unit. 

If you're worried about chain of title/name search and not being anonymous I wouldn't worry too much about that aspect. 

I've got a very simple JV agreement that defines very clearly what each parties responsibilities are, and what the split is.