"investors" who are purchasing small motels on the Florida beaches is because they are laundering drug money or they need a place to stash money generated from organized crime.

The IRS will only issue an EIN for an IRA trust account if the individual intends to file Form 990-T (Exempt Organization Business Income Tax Return) or Form 1041 (U.S.

have you ever been in sales.. have you ever sold cars... do you know how to qualify present and close do you know how to ask for the order.do you understand the escrow function.. do you realize selling real estate in CA without a license is not legal.. how are you going to get these leads.. if 997 is stretching your budget then your only course of action is bird dog.. talk  pound on doors.. but even that takes time and car and gas money especially in LA..being with limited funds and doing anything real estate related in California is a pretty tall order with a failure rate I suspect at greater than 99%.I think if you want in the industry you should apply and get a job as an assistant to a top producer get PAID to learn .. save your money.. then think about next step.one thing I have seen in my years is starting real estate agents who get on teams work for 3 to 5 years build their confidence and bank account then go out on their own.. many to start their own business in 7 to 10 years.Also if your VERY detailed oriented one other way to be self employed is to start at a mortgage company and learn how to process loans..

Are they organized?

@Jason MaFunneling potential leads is a crucial function in your pipelinle.

like little nit picky things on a contract bother you.. if they are not using on line contracts that get sent to you via docu sign they are working in the last century.your in an attorney state and you want to talk about un organized closing companies.. compared to other states your in the right place. 

Are you saying that someone can’t finance use FHA financing or are you referring to special cases where private investors, including nonprofit organization may obtain FHA-insured mortgages?

I also suggest you study Rented.comAirbnb has a co-host function.

Then you need to start asking what are the current prices similar properties that you're looking to get in to and what contractors will charge for the work you're looking to do.The dollar amount is a function of your market, not a set figure that's the same for everyone.

While I have the time to manage the backend accounting and organization of paperwork, what will a good bookkeeper take off my hands?