Every state has a state corporations portal where you can set up an LLC in five minutes on your own for like $100, but also what @Nathan Gesner said: why are you setting up an LLC now?

Very kind.I think it's like most of my experiences in corporate.... do your due diligence!

No only do I not charge I go to the market on my own dime.. lots of folks in my situation would be charging the client up front for Due diligence trips.. etc etc.. by me paying for all my own expenses I am also not obligated to do any business with folks I may not wish to run this program with.

That could be anything from not accounting for capex/repairs/vacancy in their calculations or a complete lack of knowledge in how to calculate their future property tax obligation (this is a big deal in Michigan).Just the other day I had a call with an investor looking at a 10-unit property in Detroit.

Evaluate your financial position and obligations.  

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

You can simply go to the Cost Seg Audit Technique Guide.As for tax law, yeah the standard is if you deduct anything on that return, you have the obligation to prove it if challenged.

I suppose that may be enough time for full-time investors, but people trying to transition to financial freedom often have W2s or other obligations that make it take longer.

Because they never lived there, their obligation to disclose anything about the property is typically zero and they just do don't have any knowledge about the property.

If you're interested in a Franchise; I would contact HomeVestors corporate office and ask them who the mentor is in your area.