You have to register your out-of-state LLC in any state you do business, including paying any necessary taxes.

That's something I'd have to report back on.

Even if uncomfortable, it's necessary to protect your interests and is fair to ask for copies of credit reports, conduct judgment searches and ask for references. 

BUYOUT CLAUSE:2.1 Term:This partnership shall have a duration of 10 years, commencing on the effective date of this Agreement.2.2 End of Term Meeting:At the end of the 10-year term, a meeting will be held where both parties shall vote on options, including a buyout, selling the properties, or continuing the partnership.3.

@Vinh NguyenI am not an attorney but as I understand it, if cash is accepted as a portion of a home sale that isn't reported to the government, it is considered tax fraud.

What many investors are learning is that this leads to terrible outcomes including paused distributions and loss of principal invested.You are technically correct that debt will always multiply returns.

Including Sedona, Scottsdale, and Paradise Valley, all in Arizona. 

I will bet I can send you some great deal, but you won't have the ability to know they are deals because you don't have the experience to do the math.The biggest problem both new and experienced investors have is nobody watches our backs because everyone has their own agenda and the greed more money.What you need is to do is; rather than banging your head against a concrete wall, post the properties you are looking at, write as much detail about each property as you can including rehab costs, rental income, how much you can increase rents and then let people give you their opinions and advice.Here is a serious problem with people who own their own business and then we wonder why some people are successful and why some are not. 

Went from an 800 to 500 credit score as I paid off/transferred all of my partners/gfs debt including auto loan over to my name to position her to borrow heavily to gain access to as much cash as possible to get us up and running.

I think the main steps include filling out and submitting an application and then attending the hearing the following month to have it voted on.