@Aaron Zimmerman Good point about structure set up and determining cost bases.

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

It is located on a very scenic setting.

My sister and I founded Abideaway to help short term rental hosts increase their profitability and guest experience through interior design, mural painting, and digital branding—in essence, a suite of creative services to set them apart :) We work nationwide and would be happy to help wherever you land.Would love to chat with you to learn more about your direction and see how we can assist.

Quote from @Travis Timmons: You'll likely find a bunch of folks here that set a pile of money on fire investing in Brandon's syndications over the past few years.

I want to stop being pennywise pound foolish and get things set up properly. 

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I would suggest making sure that you are following a set format/style of house each time you flip to systemize it more2.

Many experienced mentors in this group can help guide you in the right direction.I highly recommend saving as much as possible and setting aside a hedge fund for financial security.