However, how would it be structured?

Then work with an attorney to help you structure the agreement. 

I’m looking for initially maybe 5 books and/or articles that will help to greatly broaden my knowledge on this industry and the investing process.

This is a process that can be done on the internet in a simple manner in most states and there are plenty of  filing services who can complete this task for less than an attorney will charge.

Obtain service of process.

Hey @Juan Acevedo First off i do not confuse fact with opinion, If you have a good system and are good at your craft you can definatly make money in los angeles flipping and or wholesaling, never be afraid of competition you should embrace that and create a system to be part of that competition thats what makes this all so fun, not everyone can do it, me personally i love the La market as soon as i get a house completed i have multiple offers in the first couple weeks and i can care less about the competition, i focus on my structure that works for me, If you can make it in La you will find many other areas easy, I'm not far from you if you like you can come visit one of my flips and gain a little experience, i have a couple SFR's i purchased in the La area I'm almost complete with the rehab, good luck to you.

hey @Kapil PatelYes, you can repeat the process every time you buy a primary residence and live in that property for 2 years.When you move on, you are not subject to capital gain tax up to 250K of gain if you are single and 500k if you are a couple.

It was a long process, with many unseen predicaments, yet my husband and I are back on the market searching for our next deal soon. 

This means the rates are better, but again the process can be a headache.Each loans has it's pros/cons, so it's best to know what your goals are to know which route you should take. 

Live in it for a year or two, move out, rent the remaining room you lived in, and buy a new place to repeat the process.