Some of the issues that would be addressed are: Death or Serious Disability of a Partner/Member;Withdrawal;Assignment of Interest;Failure to Contribute Subsequent Capital Contributions;Material Breach of the Agreement; ETC....Any potential issues that could arise during the operation of your business, should be talked about before the creation of any type of entity; then once discussed, put down in writing in the agreement so each person agrees to the outcome BEFORE it even happens.In the event that a Partner/Member violates one of the provisions of the agreement, they then become personally liable for any damages caused by such breach. 

You've earned every pound of the trust of your members with your high level of integrity, honesty, generosity, creation of business tools, and your nonstop support for all of us!  

I am very interested in passive income and wealth creation, therefore buy and hold residential is where I believe we will start.

Further, consider the pipeline of additional supply which is projected to enter that market over the next few years...Price to Rent ratios are a good starting place...what are the economic forecasts for continued growth (job creation, wage growth, etc.)?

Here's what you need to check in both...Job creation with projections and median salariespopulation growth projectionsRE trends...avg DOM, median price, # units sold (sweet spot units 3/2/2), etcquality of schools (greatschoold.org)Major employers in both areas (each area probably has an Economic Development Corp that will have a wealth of canned information)anything else you can think of that helps you compare apples to appleIn addition to the above, I would research the sub-markets within each area.

The recipe for projected area growth is set with all of the right ingredients: Continued low inventory, announcements of job creation, HQ influx, low residential vacancy, and strong year of year rental growth.

In a few months I will be moving out of the townhome I own, and will be renting it out. I plan to create an LLC for this property. Will I need to have the house re-titled into the name of the LLC? Or can I leave it in...

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Cap rates came all the way down to 3% (or below!)

We plan on investing in Commercial Real Estate deals across the US and are looking for someone with experience in Private Equity to help navigate both personal and company tax decisions.Qualifications Needed- Experience in advising and executing on the formation of Private Equity funds including both the formation of GP Partnerships/ Corporations and overall Fund/Partnership creation. - Knowledge of the tax formation and structure of LLPs, specifically Delaware Limited Partnerships- Ability to maximize tax deductions for founders/investors of the funds, yet will communicate aggressive tax stances.- Familiarity with Legal Structure of partnerships and advantages/disadvantages of various taxable entities.- Offers proactive guidance in tax planningMy partner and I are both located in the Bay Area, but location does not matter! 

For protection of assets, ease of creation, tax benefits, along with any other benefits, is Nevada the best state to create an LLC?