You can keep the same LLC unless you feel that the partnership with you and the new members will be conducting significantly different business than the purpose for which you set up the original LLC.If you wish me to prepare the remaining corporate documents such as partnership/operating agreement, minutes of the board or any other corporate documents, I can prepare those for you and I price them based on the type of partnership/corporation you are forming.

I did it with all cash, extensive rehab included, so my cash is tied up in there and once I refi this property I intend on using your method.I didn't know I could get a line of credit on a just acquired property!

I would use BP to find other investors in LA and even better, in your town, PM them and ask how they are conducting business. 

Bottom line, It's what I love and I love learning about itand though I have yet to complete a flip, conduct a wholesale deal, or sell a note, I know that I'm going to be AMAZING at what I do within the industry of real estate, because I love it (and I'm becoming very knowledgeable about the subject). 

I would advise you to conduct your own due diligence before diving off into the deep end first however.  

It expures july 28th can get extension.

Some reasons for that are in each location where you plan to own, but not self manage, you will need to: hire a property manager; come to understand the neighborhood; conduct market/economic research; etc....

I am familiar with planning a business, but have no clue on how to conduct research to arrive at "is this a profitable market".

Thank you for the extensive resources Linval!

(2) Were the appraisals conducted (i.e. were the services performed)?