I also understand there will need to be defined roles for everyone. 

REI is a people business and networking is a critical component.  

If parking is scant or ill-defined it is bound to be a pain-point for your tenants (and you) and something that fuels their turnover more than is good.

Your long term holds are investments and categorically defined as passive.It looks like your attorney is trying to help you segregate the liabilities which is the point of having separate companies. 

If it is in an OZ as defined by ZIPcode, you just don't do nothing besides owing it and then get to skip on taxes.You'll have to make a substantial investment to the point of razing or major rehabbing it.Find a CPA in town that dies RE and taxes and ask them, do not ask a broker, I barely get it and most brokers have my level of knowledge at best.

The best antidote to analysis paralysis is to thoroughly define your criteria so that you can recognize a good deal when you see one. 

The Washington Administrative Code (WAC), defines those requirements at: WAC 458-61A-202 https://apps.leg.wa.gov/WAC/default.aspx?

Originally posted by @Sofiya Cherni:My state says property must be left in "broom clean" condition which does not equate to clean.Sofiya, the term "broom clean" is not a legally defined term as far as I'm aware.

And you'd have to define them and probably have the third party verify them.

Your agent will help you define your criteria and show you deals.