to see what things are selling for and how long they've been listed and how much inventory is in a given area.Option 2:  Find a real estate agent in your market that can provide all that info to you in a nicely formatted report.Option 3: This is what I do although it is much more manual but it forces me to become very very familiar with the data vs. having it provided to me by someone else.I have 4 MLS searches set up in my area, through my realtor, for each property type I buy (SF, Townhome, MF, etc).

What they probably meant was that the two dates: formation of the fund and acquisition of the property are two different dates.

It also allows me to choose which books I need in written format for further notes and evaluation without paying full retail for them until I know.

It's usually better quality and in a format that I've become used to seeing.

I could answer your long list of  questions here, but I would have to write a book...this isn't the format for a written explanation. 

Rhett Z Begley 1) Speak with an attorney regarding entity formation and asset protection. 2) Once you have that figured out, open a separate bank account. 3) Be very careful not to co-mingle personal and business funds. 4) Keep great books and records.

We make a practice of ALWAYS emailing leases in dually executed format and documenting that way.

On the other hand there probably aren’t too many 4000% capital gains in the offing in TX or PA, unless maybe you’re on top of a shale formation and have mineral rights....

Has anyone else heard this from an attorney or another investor recommending this formation process?

It is in spreadsheet format but is a manual process - wish it would dump from the sites in the same format, but no luck.