I have heard that people pay 15% of the equity created.

That creates short term capital gains, but after tax money is better than no money.If you do that, be sure you understand the terms of the lease option and that it has a locked in price up front.

I guess you cold argue that SoCal is over inflated and the rule *should* hold true but these values are sustaining, and the market is turning.

We have spent untold billions overseas that could be used to cut the deficit and ensure future sustainment.

Which would spread out the profits & allow local investors to create funds & compete.

I think my local area is actually good, because I see lots of properties (granted, they are manufactured homes for the most part) that will instantly create positive cash flow.

Even cash flow negative may be OK if you can sustain the negative cash flow.

Hey Brandi, if you create a duplex to sell separately, you will have to subdivide the property which could take a few months(assuming its currently one platted lot).

I have not yet created an LLC, which leads me to question 1.

If the money partner is truly passive too you have likely created a security and you will need to find some exemptions or get clearance from an attorney for this too.