They are oblivious to the incremental limitations of our freedom, and don't recognize the signs until it's too late.

You can set up an LLC on your own, but usually these are very inflexible and can hurt future growth.As far as tax issues go, basically the LLC is a non recognized entity for federal tax purposes.

The main thing you'll want to find out is whether Washington recognizes single member LLCs (SMLLCs) for asset protection purposes. 

I have been shocked at how few names I recognize from years ago.

One state does not have to recognize the other state's loopholes or requirements, just that it's a business entity.

@Naeem Boucher - It's a very rough and general rule of thumb that you should not use. lolIn my opinion you should only apply an expense ration for a certain type of property after you've run enough full analysis to recognize the pattern that applies.  

I'm new, so I'm looking for everything I can on How to Raise Capital, Beginner Mistakes to Avoid, How to find a good Accountant/Lawyer/Contractor/PM Company/EtcAlso, how to properly look at a property and recognize it's a profitable deal.  

I recently evaluated a mentor agreement with a nationally recognized expert in SFH investing.

I am not the most handy person, but i recognize the value in buying a property that could use some fix ups.

The majority of my properties are C class and I recognize that my philosophy would not work for A or B class homes.