Hi Ed,The stuff you will need to learn will definitely come naturally with experience.

I'd suggest you identify one or two firms of each type to get a feel for the nature of the services available and the differences in the companies themselves.  

By nature, I’m looking for cash flow assets in the states which I am already invested: CA, AR, TX, MO, TN, ID.

Thank you for great support, you guys/gals rock!

 I agree with @Colleen F. couple of them look a little deep, but the boards do not have to be replaced, a little sanding and refinishing will do just fine, there is no stain on the floors so they are just natural wood. or you can approach your landlord, tell him your sorry and that you have had opinions that the scratches can be fixed and offer him a couple bucks towards it, he was nice enough not to collect a security deposit from you.

I really appreciate all the messages and I had a great birthday for all that are interested.You guys rock!

Wouldn't bother with the drapes since it is almost entirely based on individual taste - some like blinds, some like natural fiber drapes etc.

I'm staying high level to make the basic point that the LLC does not change the underlying nature of the IRS rules.

Risk and reward, they go together, the nature of business.   

This site rocks.   200-400 won't get you much in Logan.