It takes some work seeking valuable real estate; however, there are thousands of opportunities to make a good profit.How to Buy:You apply for the property online; however, you will have to mail-in the payment.

I am looking to get involved in the real estate world with an emphasis on rental properties.

I was just wondering what banks would think of my controlling the day-to-day of the property and a parter only being passively involved past the mortgage signature with no real skin in the game.

@Todd WillhoiteThe changes you note apply to corporations in the tax exempt realm such as a 501(c)(3).  

I believe the DC area is #2 among cities with adult roommates next to San Fran so this may not apply to a lot of people.

Invite each of those people to come.  5 will stop by.  3 will apply.  2 will qualify when you run BG and credit.  

@Lindsay West Yes, she can combine the two strategies to avoid taxes, however notice the critical caveat pointed out by @Wayne Brooks: the part of the sale price allocated to 1031 cannot be applied towards her new FL home.

Besides that it's a good way to get connected with others locally that are involved in real estate.You can also join a wholesaling or rei group on facebook. 

First some background - I have lived in Orange County/Los Angeles my whole life (school and all) and would love to get involved in real estate investing to serve as a secondary income source. 

I'm told it needs to be above at least a $2M price in order to get them involved.