(happy wife happy life)I have seen marriages lost because one did not have their partners support - so it is a key component in that journey.

First, there are the laws and regulations being created that require “wholesaling” as we’ve come to define it, to require a real estate broker license.

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!

But, that being said, there are the numbers on paper and then there's the psychological component.... the human behavior component. 

If you make the membership of this entity the members of the other 2 LLCs then you've also probably simplified and defined decision making power as well. 

Does anyone know how this is defined legally in CA?

@Markwon TurnerTo kickstart your real estate journey, define your goals and strategy, explore short-term and long-term strategies like house-hacking, buy-and-hold, fix-and-flip, and wholesaler.

Two critical components are key to legally performing the above scenario. 1st, there must be consideration for a real estate transaction to be valid.

Be interested in what your thoughts are to include this in a lease (needs to be maintained to some defined degree of cleanliness rather than waiting until move-out and deduct cleaning charges from their deposit).

Clearly define each person's roles, contributions, and responsibilities.