I am interested in REI and I have read a couple books on the topic.I am very hard working, have good credit, a good income, and am really determined to be successful in the Real estate world.I currently live in an apartment.

One way to value the property is to determine the average cap rate of similar property in your area.

I have a multifamily that I'm trying to determine if its two 1 bedroom units, or two 2 bedroom units.

When the lease is signed I put the ownership name on the lease as well as my name with the appropriate disclosures.

The cost will be determined by how complex you want it and who the attorney is.

How do I determine if this is an ideal location?

I'm making a trip to Austin Jan 30-Feb 2 In hopes of determining whether to invest here.

It's such an important part of determining whether or not a specific investment makes sense.

Just to protect yourself, not just from your partner, but say a contractor gets hurt, if the LLC isn't filed correctly with an accurate Operating Agreement, you are LIABLE.Further, the key to an operating agreement is to clearly detail ownership, responsibilities, how to handle the bookkeeping, and also should detail how to remove a partner should one person want to leave.These are absolutely key.

They tend to work better with professional services firms that are reallocating ownership more dynamically and are a bit old school.Hope this helps.Cheers,Rick