Its great if someone can find a single person to teach them the business, but from my experience it's more of picking up information from a broad group of investors and incorporating that info into my routine.Hope that helps :)

I also forgot to mention that certain incorporated areas such as Inglewood DO NOT have rent-control.

So you might find yourself initially registering the entity out of state but then having to register/incorporate it locally as a foreign entity to get certain things done. 

thinking outside the box is definitely something I'm going to incorporate.

Always fun to be able to incorporate beach and investment time!  

Investors that are not incorporated publicly have no accounting requirement, except as required for taxes which doesn't require a certain method.Real business owners follow Generally Accepted Accounting Principles (GAAP), your bookkeeper or account will even if you aren't a public traded company.

You should have been incorporated a long time ago.

This is expensive.There are many creative ways to find deals that incorporate you reaching out to buyers that can be less expensive and more targeted.

Because I am managing for myself and a family member, do I have to incorporate an actual LLC/Corporation in order to manage these multiple LLCs?

If I incorporate risk in my model from the start, I can mitigate the risk with cashflow and location.