As always, the most detailed and complete answer from "The Black Belt in Real Estate Taxation".That's exactly how I imagined it worked. 

There are many people that make money in real estate in CA.  

You should never ever ever provide a loan on real estate without it being secured.

I didn't owe anything, but I had sold my car to someone who racked up several thousand in parking fines and then promptly disappeared so they tried to flip the charges back on me as I was the only one left with money to collect.I called an attorney who sent them a cease and desist letter along with a warning that they would be liable for substantial damages if they ever contacted me again (and we would sue if they did).

I’m Todd, the newest addition to the real estate circus. 

Investment Info:Single-family residence fix & flip investment.

Here’s some insight into your questions and a recommendation to consult with a real estate lawyer for confirmation.LLC Structure and Liability:Your real estate lawyer is correct in advising you to separate each property into its own LLC.

The great. thing about the 1031 exchange it is will allow you to sell in Tampa and buy any type of real estate anywhere in the US.Here's one caveat to explore however. 

Real estate prices: home prices are downward sticky.

Hi Amby, I am a real estate attorney and handle this issue regularly.