Nevada Ranks #36 in Healthy EatingNevada ranks 36th in the U.S. for healthy diets, with a 42.6 Healthy Diet Index score.

If you ask a banana farmer if bananas are good for you, he will tell you they are absolutely necessary to a healthy diet . . . and he happens to have some he can sell you.You asked if you need an LLC.

I will be sure to talk it out with everyone involved to be sure I don't make any rash decisions.  

- If a partner needed to be brought in, how many JV projects would I need to be "involved" in to show a track record?  

I am planning to get my license as soon as I turn 18 and I was wondering if there is any way I can get involved in real estate while being under 18 and with no license but I also want to get paid?

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

What areas are you interested in getting involved in and what strategy (househacking, fix & flips, buy & holds, etc)?

The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

The LLC doesn't actually own the asset and most real estate lawsuits involve the actual property, so I'm unsure that it's providing you protection.