However, the complexity with incorporating the concept of the Delaware Series LLC in California can be prohibitively expensive; insomuch as, California recognizes each series as a separate LLC, ergo $800 tax for each series.

Just out of curiosity and for my education, if the loan has already been made, why would you need to check their credit? 

It includes a role playing transaction between Will and I that we tried off the cuff about 5 years ago and bombed big time....LOLOther than that, you can now have live chat on the Principals of RE, investor transactions and Notes for only $29.94 simply by sending me your debit/credit card number for the Biggerpockets Chat Education Class

I hope i will find some encouragement on this forum.I have planned to choose the Rehab area of real estate and educating myself by reading blogs and discuss forum.I would greatly appreciate any feedback and encouragement.Thanks Irfan

You need to educate yourself and being here on BP is HUGE.

Looking for "free" education i.e. ebooks, files, that I can load up on to educate myself for 8 months. 

my parents are great folks and educated, but they taught me to work for other people.

The education was the key here.

@Jeffrey Lester  why not become an agent to pay for your accounting education.

My experience with property managers was one that would quickly put the small guy out of business.I spend a considerable amount of time and money staying educated because the tenant/ landlord laws are a land mine for unsuspecting and uninformed small landlords.