Since allocation of real estate costs of closing are very regionalized, these costs of closing may be paid with exchange proceeds (or deducted from gross proceeds before establishing the exchange account) on either sale of relinquished or purchase of replacement property.

And for this 2nd property purchase in the future I plan on having a well established career, and spending a lot more($300,000-$625,500) in a bigger city like Miami or Los Angeles.

Now I'm wondering: Should I move out and establish my home as a rental to give me a better debt:income ratio?

Do they usually allow inspections of the properties prior to a written offer, or is this one of those situations where I'd be expected to do my due diligence at "arms length" (drive-by, internet research etc), and take a gamble on the condition of the property?

I've established a great team of people to help me moving forward and deals get easier and easier as I gain more and more experience.

I have just recently relocated the Phoenix area and I am trying to establish a network of wholesalers who may be working in the Maricopa County market. 

How do I establish a real estate business - LLC, Scorp, Asset Protection.

The primary goal will be to establish innovative infrastructure among the buildings.

It sounds like you have a plan established and that's a great way to start moving a long to the road of success!

Having said that, i'm not a seasoned, savvy investor…if you were me starting out in LA, how would you go about establishing contacts and would you try to create a partnership with someone?