. - Are u sure there was a 1031 involved?

@Danny Lyu  If you're getting 10% down on that loan product, I would definitely do that and just close in your personal name. 

First and foremost, it protects your personal assets.

The checks go to the owners directly, and he has a maintenance person and attorney on speed dial.

My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

There's no better person to follow right now.Check out Set for Life by Scott Trench.

Large non-refundable EMD will overcome not seeing it in person. 

If not in-person meetups or clubs, do you know of great online meetups?

Also, the costs involved.

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?