Because they are defined terms in the policy.

I would immediately define an intensive tenant screening process, and use it to select a quality tenant.

There are many different ways to define success and be successful, even in high cost area's, that may not actually cash flow.

This may require that some marketplace participants test boundaries, but the result will be a stronger and more well-defined industry.

Any helpful advice will be welcomed.  1) Research and Learn your area Go to 100 open house/visits in Bay Area, CA (Feb 2016-Sept 2016)Learn to find dealsGo to meetups/real estate groups Read 3 real estate books2) Analyze Real Estate deals Find our strategy in my areas3) Manage our finance Defining our cash flowManage  down paymentVA loan maybe?

However, losses of more than $25,000 can be carried over to the following year.The IRS defines a real estate professional as someone who spends more than one-half of his or her working time in the rental business.

Hi @Marco CamposIt's nice to see that you have a well-defined goal. 

If you can define an operator who offers all the aforementioned, you will gain on the years of expertise and talent in the organization, mitigate cost risks, increase ROI and enhance your efficiency.

In Texas (and most other states that have the series LLC structure), no series is liable for the debts and liabilities of another series (except in certain statutorily defined circumstances).

One if the partner you are considering has experience in real estate i would definately advise getting into the partnership.