I have a few questions about this process. 1) Does the JV operating agreement need to be set-up by an attorney/lawyer in the state I plan to invest in?

The schedule terms (as in the project taking twice as long as agreed upon) can be given penalties in the construction contract (talk to your lawyer).

However, I have to say that my understand, and I am not a lawyer, is that even if you don't have a property you have to register with the SEC before you can show them.   

There is an optional $20/mo optional eviction coverage, stating that in the case of an eviction, the PM will pay all associated lawyer and court costs.

Line up transactional financing for your side of the transaction.Market to your buyers...other investors, or sell directly to end user.Go to title or lawyer for your closing with your seller with your transactional funding, or the new buyer's funds if possible. 

But they say there’s a fine line between insanity and genius and this guy personified that.Basically I had lunch today with a mortgage modification expert along with my a partner and a lawyer friend who knew this guy.

Hi @Parker Mott, there's no issue for you to do what you're envisioning, though many of the Real Estate service providers (Realtors, lawyers, mortgage agents, etc.) you'll deal with are going to give you a hard time for being to creative.

People have already mentioned that you have a large amount of exposure for liability, so DO NOT SKIMP on this part.I also would write in special stips in the listing allowing the buyers to use any other inspection company they want and language that states each job is a separate thing (this is where a real estate lawyer will help you with that language).We have companies here in Georgia that own a real estate company and a mortgage company...or an inspection company.

The first scenario is to file for non payment eviction and the New Jersey Court systems.The second scenarios to hire another lawyer that knows what they're doing and specializes in just real estate transactions.

Mondays are typically for reaching out to potential team members, Brokers, lenders, Accountants, Lawyers, Property Managers, Realtors, etc.