You are placing a lot of trust and a lot of money in the hands of strangers you find on the Internet and you are trusting them to value your big investment.

It sticks in my mind from reading from others on here that Trust accounts are a requirement in CA for deposits.  

Commissions are between you and the seller and for anti trust reasons there is "no standard" commission. 

So much of the management of your manager will depend on the level of trust and the history of execution that has occurred.

Develop your model and trust what your model tells you.

I'm a relatively new investor, so I'm looking to build a team of trusted partners in Reno, NV.

and inevitably building a great level of trust - over time - as in years.

@Garrett RichardsonWith so much appreciation, I would have her fund a Trust with the house, include provisions in the Trust that includes the house in her gross estate so you get a step up in basis at death, you/spouse are beneficiaries, the trust collects rents and remits fiduciary accounting income to you.

Also: don't ever do two-year Leases, and don't trust a Tenant to handle repairs.

I am looking to purchase rental properties outside of the state I live in CA, and looking for a lawyer to assess my situation and provide advice on acquiring The properties via LLC or Trust with umbrella INC.