I wanted to ask about how folks here approach doing research on a rental area to determine if it's a good place to be and how granular do you usually get?  

I just wanted folks to think about REI critically and comparitively and not assume that buying any crapy rental will be a great investment

@Chris Schorre call the folks over at 1031 exchange corporation @ 512-419-1031 and ask them this question. 

Tushar - my CPA didn't fully explain your last few questions but said he's often seen states don't even bother coming after folks with low profit amounts.

What's the polling here folks? 

With no open house No running Investors through the house calling them inspectors or any of the other white lies that are done in wholesaling by non licensed folks. 

Not the other way around as the 'corporate veil of protection' is still valid while incorporating a business entity mind you.I think you're asking if alternatively an LLC would suffice as a way to organize, but this can easily be determined with an SEC lawyer (even an initial consultation).Your question indicated about ten people involved in this particular business plan and could be covered under the LLC as well in the ability of 'unlimited owners' (people involved)- but again that's where a consult with an SEC legal professional comes into play.There may be things that even your LLC would be involved with that (if you started there) would pop up on the SEC radar- and it seems better to know how to most legally organize from the start.There are various podcasts and books on this topic for folks in your exact situation, but I would consider maybe just skipping those and going for a meeting with an SEC lawyer from the gate- better safe than sorry, and you may be advised an LLC would work just fine for you.

There're a couple of properties for sale in my neighborhood that I would like to place offers on here in Austin, I would like to start interviewing folks this weekend and place an offer next week.

Some of these younger folks have a team who invest for them, and I want to reach out to these team members who allocate the profits into assets.

Some folks are strictly passive investors, who look for different content from those who want to get into syndication and invest actively on their own.