I think the best way to go about this would be to run a comprehensive background check that shows if they have any missed payments and things like that.

The total cost is not unreasonable, but I am questioning if it's all truly needed.To give you a better idea, he has a few packages available that scale up in price and services:Bronze ($497): Includes LLC formation, a custom operating agreement, and a year of statutory agent service.Silver ($897): Adds the EIN, an LLC operations manual, and some ongoing compliance/task alerts.Gold ($1,397): The most comprehensive package, which includes a revocable living trust to keep our names off public records for privacy/asset protection.The 70+ page estimate came as a surprise, and it makes me question if this is a standard requirement for a new partnership.I'm hoping to get some insight from those of you who have created similar partnerships:1) Is this a normal process?

They conduct a comprehensive one-hour briefing that provides a deep dive into their overall investment strategy and proforma that goes indepth into their business plan and I have to say I was extremely impressed.

Well worth the price because they’re very comprehensive.

@Isis Benson I'd be happy to send you comprehensive resources on wholesaling.

There are multi-disciplined consultants who do a more comprehensive review of all potential constraints, but I think they charge 5-10k approx, so may not be worth it on a smaller project. 

The BRRRR strategy is a TEAM sport and your team should be comprised of people who understand your objectives, have a comprehensive knowledge of the area and its tenant pool and have experience working with the target population. 

I'm debating if I should buy a rental property in Texas. Can someone explain to me the property tax portion. Will tax be an issue for me, if i buy a house there and rent it out? 

In California, my understanding is that an unlicensed contractor cannot charge more than $1000 for work done (it used to be $500).

Honestly, it would be amazing if there was a tool where you could plug in an address and get all this market intelligence in one place… but I haven’t found anything that comprehensive yet.How do you handle the research side?