An example would be to utilize a limited partnership to restrict the control that the financiers (limited partners) have.

@Samantha Reeves I not an attorney but you don't own or control the pool, nor are your responsible for the maintenance or rules on the pool.

Risk is they refuse to comply with rent increases etc. placing them in control of your community.

You cannot specify the value of your brokerage account in the shares because such a system doesn't accept money turnover.

It is at a cost of $40.For Tenant, if they are interested in signing a lease: 1.Fill out preliminary application.2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.3.Query all adult names in state Courts Online system.4.Query Facebook.5.Query County Assessor page for properties in their name (foreclosure?)

But a reverse exchange sort of makes that work.In a reverse exchange the QI for the 1031 forms a holding entity called the EAT and purchases the new properties and holds them in title while you control them and operate them until you sell your old property. 

Plus the online system they use always alerts you of work orders that have been submitted, so you’re always in the loop.

LA is an appreciation market so you can buy in up and coming areas, buy out rent controlled tenants, and take units to market prices.

  $500 fine for each count, required disclosure of 1065, and "inactive community control" for 2 years. 

Because I understand the fundamentals, and once you learn them, you can apply them in any market in the country at any point in the real estate cycle and make money in as little as six weeks.Focus on learning the fundamentals and a duplicatable system - not which market you should be in (because the best if you are starting is your own).