Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

I understand that a fideicomiso is needed if we are wanting to own a property by a beach (which we would).

I currently broker LIHTC multi-family for a large firm coast to coast and am also interested in MF in the Arizona submarkets as well, and will eventually invest on that scale - I just figure breaking into the state through SFH flips may be a more risk adverse way to understand the pros and cons to phoenix submarkets.

I furnished 2 STRs for that amount, just go to either high-end thrift stores or a lower-end antique store....you'd be surprised at how little you can pay for solid wood furniture...

If you are new and don't have a clue, then I would certainly recommend them or some company that can guide you through things until you have an understanding. 

Finding solid contractors is the hardest part of the equation.

These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.

I think you really have to be absorbed into the forums to start to understand who is here to just learn and converse and who is here to make a profit.

You'll never get your best deal until you understand what the other side is dealing with. 

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.