I outlined how I did that here - I hope that provides some value to you as you define your search parameters and strategy.The key for me was that as an owner occupier, I was looking at multifamilies that other homeowners weren't interested in, and I bought a property under HomePath's first look program where Fannie Mae only allowed people who intended to LIVE in the property to offer on it for the first 30 days.  

When filing a LLC, yes you can do it yourself, but be sure, with partners, to have a clearly defined Operating Agreement.

DORA has defined as acceptable “full disclosure” to be a one line statement on home closing documents or a one liner buried in an HOA contract.

I know zillow and neighborhoodscout have some good data, but how would you specifically define a good area to buy and hold?

I know what i am asking is kind of broad, but being a new investor i don't know much on this topic.

RDPD for me helped clearly define an asset and path of money, cash-flow (poor vs wealthy), PAYING YOURSELF FIRST.  

Purpose of question:  I'd like to compile an online dictionary of frequently-used real estate terms, defined in words an average person can understand.If you already use a good, concise real estate dictionary web page, please share the link.  

I would suggest you have a tight partnership agreement in place including a buy out clause that defines what happens if one partner wants out before you sell the property. 

Define, huge equity position.  

There's  definately way to much to know.