I need to setup an LLC with an operating agreement that includes language about the use of outside capital from family and friends in addition to capital contributed by two partners. 

I think there's a few people that you should study and avoid some noise@Ken Rishel Mobile homes regulation@John Fedro Mobile home space marketing@Jay Hinrichs transactional funding flipping@J Scott read everything is written and buys books on BiggerPockets on Wholesaling flipping, don't ask wholesaling  questions on these forums until you've read everything he's written and read his flipping book and his renovation costing bookYou could read my BP blog on seller financing and joint ventures home sellers, money partners, private IRA lenders, and other creative ideasDodd Frank and safe act are not the easiest laws to understand and I highly recommend that you use a registered mortgage loan originatorLastly buy the real estate agent books in your state and know the information. 

If you are okay with living in the duplex, let it season some, and, as mentioned, keep saving up for the down payment on the next one while studying the market and expanding your landlording skills--both on the ground with the duplex and with books (I have a Classics of Landlord Lit" blog post, but you may have burned through the core reading). 

Be a bulldog negotiator and understand the language.

My name is Mike Ferrito, I'm 20 years old studying Industrial & Systems Engineering at The Ohio State University.

It is used against those that actually have a history of action, studying the facts, and backing rhetoric with facts.

Just as numerous scholarly studies have shown that the number of actively-managed mutual funds that outperform the market (i.e. the index for the relevant asset class) are no more than one would expect from pure chance, I'm sure there are plenty of ill-conceived techniques for REI market evaluation -- but I also suspect there are a couple of 'tried-and-true' principles that are worth consideration.

Then go after properties that allow for that exit, and study up on that exit strategy.

It’s called Senior Fog.In very lay and simple language explain FOLLOWER.

I have always had a big passion for architecture and spent many years studying it.