I am so new at this that I am still formulating our goals.

I'm just starting to formulate my plans and goals into specifics.

Then when you have learned what is and what Is not allowed your plan can be formulated.

My buyer is already way past that stage and in their due diligence period discovered a thousand and one issues with the septic, water well, un-permitted buildings, etc. and has formulated plans to remedy all that to satisfy their lender.

I've just talked to a number of long-distance investors who 6, 12 or 18 months down the line are reaching out to people like me who have nothing to do with turnkeys, to help them formulate their salvage plan.

Assuming you don't mind driving that far.You will find a huge amount of information on Bigger Pockets that will help you, and help you formulate what direction you want to start with.

There was another similar thread on this topic a month or so back, but I wanted to formulate this question a bit differently..I've found:http://quickbooksforinvestors.com/ - A site run by Mike Butler that seems to have lots of videos about using quickbooks, but I haven't figured out how step by step and versatile the instruction is..

What you're really trying to do is formulate an opportunity cost analysis to figure out where your capital is best invested.

The biggest problem I have had using this formula over the years is its difficult to formulate strategics using business cycle since apts run opposite to homes when it comes to boom bust cycle.

Formulate an LLC, and identify the percentage each managing member owns.