I just want to say based on my unwarranted observation, the chance of running into a good deal in San Diego needs luck and patience.

From what I've seen, you're indeed at risk of veil piercing if you do not observe some basic principles with the LLC (e.g. need to file annual report and pay fees, not mix up personal vs. business funds, etc.).

Not personal feelings, just observations. 

I've run into similar scenarios and have observed my clients typically doing 50/50 - however, this is usually with a partner they've already been working with for a while and have done a few deals. 

I know it rural up there but it's a college town.Another possibility is if you observe narcotic activity, possible prostitution, juveniles put in danger and the place appears to be a drug house or methlab, the police will get involved.

Hello @Brian ElstonGood observations/comments.We have delivered over 500 investment properties, but I could not find a good property on any of the real estate sites.

That has not been my observation for the most part in Texas….San Antonio respectfully. 

Been interesting observing your RE journey.

I've certainly observed strong infrastructure investment and more room for growth relative to the inner City of Austin market.Also agree with Robin about the growth potential of Lago Vista.

It is far too common these days to encounter experts spouting theories that explain data or scientific observation in a way that far overreaches the context of the data.Reality exists on many different levels.