Just also recognize when you go to sell it or have any income from the property that it will not be tax deferred. 

It would take over a decade for me to recognize the value of my time and that was the first time I was truly an investor. 

I've only been on BP for a few months now, but I have come to recognize your name as someone who posts straight-forward, sound opinions.

Or those that only learn on a site like BP... just look at any thread that is 2 years or more old.. you will recognize nearly no one.. 

You can apply then strictly, taking away all discretion or recognize that they do not cover all situations and allow discretion (when warranted).

You will recognize when someone operates as a business built to last instead of one built to profit as much as possible.  

However, you need to recognize that it was written during a time and using stories of when interest rates were much lower and homes hadn't appreciated like crazy.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

You can legally define job titles, that are state-recognized, such as Partner 1 is a CEO, and partner 2 is the COO, and then tie those into roles and responsibilities that help prevent conflict. 

Recognize the higher inherent risk associated with seller financing, where the seller becomes your lender, directly impacting your investment's success.