@Mike McKinzieThe legal aspect of raising money from sophisticated investors does make this a bit more challenging.

However, take that with a grain of salt since those are my own economic tell signs with no actual scientific backing.

The biggest factor when looking at my current portfolio is the aspect of property quality (often driven by good advice at purchase and good property management) and a good, desirable area that always has good tenants, in good times and bad.I hope the BP members can help me learn if Dayton is a good area and who to talk to on the property management end in case I buy 6-12 unitsThanks in advance for any help and input provided by the community

I think you might be focusing too much on the "entity" aspect. 

The fact that you question her position means you don't know what these legal aspects of the real estate business are about.

However one aspect of the wholesale process I still am curious about are the contracts.

The next post will show you how to research what you can actually build once you know what zone your site is in.Zoning is one of the more obscure aspects of the development process, but in our experience, once you acquire significant strategic knowledge and create practices around this research and identification process, the value and marginal utility to be generated can be very significant.You can hire an architect to do this zoning research for you, but as a developer a big part of your "value add" is to identify strategically what areas have the zoning that you need, or where you found a site and the zoning works for what you want to build.

A street name might help with the neighborhood aspect of valuation.

When we first started looking I only knew the construction aspect of houses but I am a person that has to know everything about what I am doing and I soon found the BiggerPockets website, and did tons of research.

I should clarify that the property we are living in as far as the co-ownership aspect is based on my parents rolling over a prior investment property that I think was $300-325k.