If you know your market, you will be able to recognize a deal when it shows up.

In Arizona, my attorneys have suggested that two separate documents be executed, recognizing the dependency of each to the other.

The point is that there is always a way to make money in real estate if you recognize where you are in the cycle of the market, adjust your strategy to buy/sell accordingly and get equity from the start. 

In 5 years their tax hit wont be as high if they recognize the cap gains at that time. 

Additionally, you'll be among the first to review, become knowledgeable, and recognize a good investment. 

I suppose as a beginner I need to learn to recognize when its time to hold and when its time to sell.

In retrospect, and in talking further with another investor, I recognize that I had built in a 10% mgmt fee (based on the recommendations of those whom I respect), when in fact it was 10 mins from my house, in great condition and I would likely NEVER not manage the property myself.

There will be a moment where you recognize a deal the first day it appears.

So here's the deal, after reading some about LLC's I recognize their pro's and con's.

We recognize the need to find contractors that are able to cover their costs for a max of 30 days.