Which is why we're also thinking about incorporating in Nevada and and doing business in CA.Any advice and feedback on what we should do - or what we should also take into account - would be greatly appreciated!

I have been a licensed real estate sales agent for about a year and before that I worked in corporate property management of self storage facilities, urgent care facilities, hospitals, and office buildings.

It’s astounding what a year of no snow and super pleasant winters can do to your mind :)My background is in corporate finance – complex financial modeling, valuation and strategic planning i.e. good at all things analytical and do that for a living.

Now an LLC that will have multiple-members, a board, shares, etc (setup like a corporation) may pax its own taxes, and therefore folks try to incorporate in Delaware, etc.Start off by creating a single-member LLC in your state, pay the annual certificate fee, get an ITIN from the IRS for that LLC, all on LegalZoom for whatever basic package they charge.

I agree the "opportunities" only have a specific chance of succeeding so you would incorporate only the possible value of it succeeding.

How have you incorporated your significant other into investing?

It's certainly targeted to comparing how California businesses fair to be incorporated under Nevada LLC, and I see where they are coming from. 

Just incorporate their 12 month interest only balloon prices into your model.

Hi Benjamin, I've been working in corporate now for over 5 years so I've got some skills but still need to build up some cash.

Multi-family is not out of the question, but will need to learn more.I am a CPA and work in corporate finance for a large public company and understand and am attracted to the basic economics of REI.Re-locating to Houston in Aug and will be starting business thereFrom reading biggerpockets posts, clear that I need to build a strong network and attend as many networking events as possible to build deal flow/pipeline, find a mentor, meet brokers, develop relationships with contractors etcInitial areas of focusResearch and outline investment strategyIdentify investment criteriaIdentify and attend networking eventsMake contact with agents and generate opportunitiesIdentify potential mentorsCreate business cardsI'd welcome any general reaction or feedback from this community on the above plan, and, in particular, any thoughts on where I should initially invest my time and resources.