I think a huge thing when your just getting started is cash flow, if these deals cash flow it will create an even greater safety gap for if the market down turned.

I'd love to create a safety net for my family by creating cash-flow outside of my day job.

I created a list of essential questions a while ago that I think might be helpful. 

If you want to limit your liability, then you will need to create a limited partnership or an LLC or S-corp, all of which will be subject to a minimum tax in California of $800. 

This may be a question that has been asked many a time, but I'd like to customize it and ask it in a way that reflects my situation.

You need to create a value with them by one means or another that transcends monetary value.  

What I wrote above does not create an attorney/client relationship between us.

I am trying to purchase a commercial property in Indiana and I was quoted $1500 to create an LLC and draft the purchase agreement. 

I mean I don't buy anything unless it has major upside and but I buy them close on them then do something to create value.. that's how my business works.. and sometimes I lose money and sometimes I make big hits.. 

Many seem to have extensive experience in creating value out of C class buildings.