Each state has its own laws.B of A is a huge bureaucratic mess and it's a miracle that they can get anything mildly complicated accomplished.

Over the years we have assigned apartment houses (one was 250 units) a night club, bars, a subdivision and many lots and a ton of houses.I am a little slower now at 78 years old but still do deals all the time, it's easier now and still profitable.I prefer partnering with others out of state using radio and power prospecting systems to find the equity packed transactions.Learn creative financing; subject to, front porch financing, delayed down payments, nothing down techniques, auction marketing, money back and creative partnering, vertical break up offers and delayed settlements  rolling options, split notes, creation of paper and substitution of collateral - to mention a few. 

They are teaching Net cashflow pre tax essentially because it just gets too complicated to teach en masse and for people to just understand the concept of real estate investing in general.

@Spencer Gysi I wouldn't say there's any concern, it's just something that will happen, since in most cases the ownership of LLC's is publicly available information.There is some argument for keeping flipping/wholesaling in one business unit while having long-term holdings in another. but it depends more on what you're trying to do.If your concern is liability or privacy, there are way to address that as well, but that often involves more complicated ownership structures.Let me ask this: In your mind, what is the downside of your tenants knowing that those two ends of your business exist and are related?

However, it will require getting good at wholesaling which means time spent mastering that technique.

After you can move on to listening to podcasts and reading other books by other people that demonstrate different anylizing methods and buying techniques etc.

Since you aren’t living there it makes it slightly more complicated 

Seller financing could probably be an option but if you don't have any money it will be more complicated for the rehab part (hard money could help for a few months) good luck.

Maybe it's more complicated than I think?

Obviously, his situation was much more complicated/convoluted since his family trusts also had to deal with the Los Angelas Lakers.