This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

For my personal portfolio I want to look back 10 years from now and be happy with the locations I decided to buy in. 

you can challenge the value with an accountant, appraiser, etc most markets have a person who charges a flat fee to lower it. in Columbus Ohio most of the people that do this have a guarantee to lower it or it's like half the fee 

If within two years from the date the earnest money was deposited in the broker’s trust account, and the parties have not provided the broker with such signed instruction or written notice that such legal action to resolve the dispute has been filed, the broker shall return the earnest money to the purchaser with no further notice to the seller.

I found the wear and tear and guests that wanted to use this as a 6 person were not what I was targeting.  

Investigate areas with strong growth potential and rental demand, and take into account regional real estate market trends.Networking: Attend local real estate events, sign up for internet discussion groups, and establish relationships with seasoned investors.

If you cannot get your personal finances in order then I would not suggest building. 

Trusting someone shows you are an honest person.

Each person further down the line hoping they can scam their way in to get paid, and actually having zero idea who the actual contract holder is or who the seller is. 

Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.