If you’re interested in using an LLC, this article also further explains the advantages of a Series.The fourth pillar is somewhat similar - you want to separate your operations from your assets.

@Bonnie Cerrutihere are two excellent threads to read:https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/12/topics/1171104-the-m...I also agree with others that you can't pick a market based on numbers. 

Take a look atHow I Made Millions Investing In Real Estatehttps://www.biggerpockets.com/forums/311/topics/1146250-how-...

Quote from @Carlos Ptriawan: I have very strong opinions about politics and how they impact private property rights, the family, education, small businesses, and a thousand other topics.

Wanted to just gather some data and see where the current thoughts on the topic are landing...I'm a California resident.

Can you point me to an article, or some of your own data so I can see why?

We may have some wholesale opportunities for you and your client:  https://www.biggerpockets.com/forums/521/topics/1182202-triu...

Thankfully before I ended up pulling the trigger, someone shared the whistleblower article on these forums...

You file Articles of Formation with the state, get a Federal EIN and a bank account. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!