We are creating an LLC, and I wanted to find out if anyone has done this (an LLC with people who aren't familiar with each other) and could recommend some best practices for forming the group and any essential language for our operating agreement. 

Having tenants take care over unit's own garbage are good in theory but a horrible nightmare in practice.

In practice, the effect of tax savings is usually not included because it can be complicated to calculate.- IRR (Internal Rate of Return) can be used to measure the net return generated by ALL FOUR sources (i.e.

Is there any good practices you could suggest?

Looking at real estate practically from that lens what happens to the real value of borrowers debt?  

In my state, the coursework could not be done on line.Real Estate Express was still recommended for their exam prep which consisted of a series of on line exams to practice.

Elaborate on tricky phases and best practices.

I think your best bet is to talk directly with a foreclosure attorney practicing in the state. 

Going forward I  plan to practice  analyzing a listings at least once a night, so the process become second nature.There are several terms that I don't know where they fit in the process i.e.

That's just not good business practice.