Without knowing what aspect of real estate you want to be involved in it's difficult to give you ideas for specific questions that might relate to your particular needs such as "What type of entity structure should I use for rentals and flips?"

The set consists of:a - Market Analysisb - Multiple Strategies (SLO, Partners, using different types of private funding, using self funding, different ways to "flip cash", different ways to "use" seed money, and the REI Plan itself).If the tools that exist doesn't meet your requirements, you can either change your requirements, or change the existing tools. 

I understand the sight unseen aspect of purchasing a property.

The main contractor I use I have consistently been doing full rehabs with over the past 6 months.

So you are OK from that aspect.  

21 years ago, I did EXACTLY what you mentioned in your first post.... bought a 2 family building in Brooklyn, lived in the basement and rented the other 2 apts, did not have cash flow but at least broke even.Back then, I bought the property for $340k with a Mortgage of $272k, fixed.That Mortgage is nearly gone and 21 years of rent appreciation has given me a very decent cash flow as the rents rose way above my mortgage and other expenses.This is NYC, it is normal for Market Rents to rise very consistently for a long period of time, barely dipping.That house is current worth $1.7 Million conservatively.

Start networking and getting to know people in all aspects of REI. 

But I would need to obviously pay the guy consistently so he can make his own living and help me build my company. 

Real estate is a slow game, so if you want to get somewhere, it's important you keep walking consistently in the same direction.

Hi ShawnWhat aspect of the real estate investment law firm is more important?