If you are new to the concept, a series LLC allows you to form one entity, pay one filing fee but create an unlimited number of sub-entities that are fully separate for liability purposes.

Look at doing the the 1031 for tax saving purposes.

Their main office near LA would be Hawthorne.

If you are going to partner with 20 people (or 1 for that matter) and they are not the main decision makers and doing the "day to day," then you are likely offering a securities and need to do a full offering.

The property is in a B class neigborhood and looks to be mainly cosmetics that makes the property look less than what its worth.I would love some tips on how to further pursue obtaining information on this property thank you.

That is one of the main reason Id say agents fail. 

Facebook, LinkedIn, etc).A hard money lender is a company whose main business is lending and you vet them online by way of Google or searching for their name on BiggerPockets.  

Quite honestly, all this will do is complicate things for you (as it did for me)...essentially, since they are both single member LLCs, you'll basically have to report the separate activities on two separate Schedule Cs for income tax purposes...

Quick question- you mentioned the purchase price but not the value when it was converted to a rental- It should be the lower of the two used for depreciation purposes.

to wholesale or even for rental purposes