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.

“And we also recognize that we owe it to our customers to provide them with as many tools and tips as possible to help them find ways to prepare for colder weather and higher winter bills, including financial assistance in some cases.” blah, blah, blah....

I didn’t recognize the place.

@Jason RhodewaltYou may wish to look into "doing business" in California and how that is defined, as series LLCs are not recognized in California. 

The first thing to recognize is that performing certain work as an unlicensed contractor is a criminal offense in Florida, and the penalties for that are far more severe than for having unpermitted work on your property (this can be corrected after the fact).

Once you start doing this, you will recognize similarities in the properties you analyze.

For you that means you would need to purchase at least $200K in real estate using $100K of proceeds to do so.You can purchase less than you sell and you can take cash out but the IRS says that when you do that you are taking profit and .you would pay tax on the difference until you have recognized the full amount of your gain.