Another options would be to form a "team" of sorts.  

I've started reading it and am on the Chapter about Discipline, where he advices to form a habit around the ONE Thing that will get you the most success. 

it can be very time consuming but if you can form a team to do it for you for reasonably cheap it is actually a very effective way of finding distressed properties in your own area.

We want to form a business organization together and he'll buy in to equal partners.

In true Texas form, a buyer is not required to disclose the purchase price to the government - meaning, the purchase price is not public record.

Returns I'm seeking: - ≥8% Cash-on-Cash in year 1- ≥18% 10-year IRR - ≥$150/mo in monthly cash flow after all expenses in year 1Properties I'm focused on (I am flexible on the area as long as the numbers work): - Class A/B neighborhoods (middle class incomes, low crime, safe for families, decent schools, higher rents (>$900/mo)) - want to stay clear of C/D properties to avoid tenant problems and depressed neighborhoods, even if it means sacrificing some cash flo- decent potential to be exited to an owner-occupied buyer in 10-15 year timeframe rather than a "lifetime rental" - 3-4 BR / 1.5-2.5 BA, ideally built within last 40 years- Major CapEx (roof/HVAC) either recently rehabbed or with 10+ years of lifeAssumptions:- 6-8% combined vacancy / maintenance / CapEx reserves (may be higher depending on the property)- 75-80% LTV financing- 2-4% annual appreciation, depending on the market (though this is just bonus for the IRR in the 10-year pro forma) I feel like these are pretty modest objectives but I haven't really been seeing many properties that come close to meeting my expected returns, so I'm second-guessing if this strategy is going to make sense.

Hi - I'm interested in converting a portion of my 457(b) - about $80k - into a self-directed IRA, obviously for purposes of RE investing.After that, it seems logical to form a LLC around those funds.A couple questions:I'm leaning toward engaging a CPA for the process; is this overkill, or a good idea?

A property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title. ( very important if you are not going to manage yourself). 

I guess my question is, is there a way I can form a "ABC asset management" business in the state and form a website and online  bill pay and just have it all come together to one place. and run the business as a dba for me.

I will be moving to NJ in Oct/Nov anyway but mainly because, as we all know, NY has the ridiculous law that forces you to "publish an article in a newspaper" about your new business within 90 days of forming the LLC, which can cost hundreds of dollars.My question is: If I filled out the NJ LLC document online, and used MY NEW YORK address as the LLCs primary address will I STILL have to form a foreign LLC in NY?