I ask because general principles of contract law generally do NOT prevail over regulatory constructs arising out of specific enabling legislation.

Networking possibilities might arise from joining real estate clubs on social media sites like Facebook or Instagram.Make contact with nearby real estate agencies and request referrals.

You would be well-advised to speak to an attorney who litigates the types of cases that you think are more likely to arise for you to determine what venue and/or law may be applicable.I tend to favor CA LLCs for CA residents for the benefits that I mentioned, but it honestly depends on the situation. 

When considering a $200,000 home, with $30,000 in rehab costs and receiving $18,000 in rent, the question arises – where is the profit?

I would want to have the deciding vote on any issues that arise.

The good news in my opinion is that picking any one of these things effects all the others, and when your life quality starts to inch up, its a rising tide that in turn effects everything else in a positive feedback loop i.e. making more aligned decisions, which effects your mood, which effects how you show up as a partner and so on. 

It's crucial to have someone who can provide proactive guidance and help navigate the tax implications of decisions as they arise.

Don't assume that it is.If a liability claim ever arises against you for injury or death on your property - and it DOES happen - your risk management will be intensely scrutinized by a plaintiff attorney and potentially a judge or jury.

I once heard a stock market investor say there we’re basically two ways to invest, either betting on broad market trends or basically hand to hand combant, finding stock’s that for whatever reason were basically mispriced or had arbitrage opportunity, I think the 2010’s were basically a rising tide lifted all boats kind of market, this is definitely gonna be more hand to hand combat, finding misprised deals, mispriced sub-markets (I’m a big fan of more rural areas that simply just by there very nature have less competition and more ability to create opportunities) and focusing on execution.  

HML lenders there are clamoring to lend money at low rates because they view that market as really hot and if the rehabber can't sell it or make mistakes they still get their money back in a rising market and limited inventory.How a lender views the asset would also depend on the price range.