It's the small, locally operated banks and credit unions that have the ability to make decisions in-house, they don't have to conform to a set of standards written by someone at a corporate office. 

Spell out in detail within the operating agreement of the LLC what happens when this happens, or when that happens.

Once you understand how your SD market operates as I do in my SJ market, you will likely not going to invest elsewhere. 

You don't NEED a real estate license to invest, but you do Need a good education, however, having a license IS a better way to operate in real estate and I highly suggest getting one especially in the beginning. :)

The count can be used to pull our license to operate rentals. 

Buyers who fail to comply can face a penalty of $10,000 and lose any earnest money paid."

If you're really looking to just place the capital and have nothing to do with the decisions or operations, you're really describing more of a RE hedge fund or other professionally run fund that targets a certain geography and strategy.I know of one local to me - minimums are in the low $100k's range with minimum 1y commit and bonus payouts for larger amounts and longer commits.

:You need to get 3 years of operating statements and a historic rent roll. 

I'm hoping to purchase in Jersey City, NJ and am looking for recommendations for the following:- RE Tax advisor: ensure I'm doing everything I can to maximize my tax situation regarding the purchase and operation.- RE attorney: discuss whether or not forming a series LLC is right for me.- Financial Planner: Again, just want to make sure I'm doing everything right.I'd appreciate any recommendations you may have for people you've worked with that you like and who understand the specifics of RE investing.

Is it worth having to pay double the permit fee or tear it down if it doesn't comply with city ordinance?