Do the same thing with the external premises.Next, create a scope of services for each sub-trade that is needed to do the work you have identified.

Once identified, do another repair request and a reinspection afterwards.  

The more you move towards identifying the specific properties before you raise the fund, the less you need to be a fund.

At ILGA.gov you can read the letter of the new law in SB1872 - as amended - Section 1-10 (5)"(5) Whether for another or themselves, engages in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging, or otherwise dealing in contracts, including assignable contracts for the purchase or sale of, or options on real estate or improvements thereon.

Identify your area and search for properties that fit your criteria.

Understanding how the markets work, supply and demand, trends, government impact on markets, and being able to predict patterns will help you a ton.

With the help of this forum, I am starting to identify the gaps in my knowledge base and am devising a plan to close those gaps.

I identified value beyond my purchase by being a member of a small community that places high value on word of mouth recommendations and trust, since doing business with her 4 of my coworkers have bought through her in as many years and I bought a second property with her.

Identifying what components make up a good potential tenant during screening.

You didn't mention what sort of properties you were considering and need to identify your strategies and goals before you dive in, of course.