My one suggestion: do not conduct business with anyone (here or anywhere) without having your lawyer and maybe even your CPA reviewing all the paperwork.Also, stay far away from LPs.

As I stated above, maybe it is because I'm in the south, but if you attempt to speak with people, conducting due diligence, they become offended you would question anything they provide. 

If you conduct yourself as a serious investor truly looking to work with that PM than they will likely help you through the process, especially if you use them as an agent.

If you decide to join, take their claims with a pinch of salt and conduct your own due diligence.My experience has not been positive so far, but I am hoping for improvements in the future.

But the rental too does have to meet the "active conduct of a trade or business" threshold, which does mean you wouldn't qualify to use section 179 if you have a rental that is managed entirely by someone else and you aren't at least overseeing it and making decisions about the management of it.I mostly disagree with the reply suggesting that you need to have an LLC to take the section 179 deduction. 

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

Yeah make sure to thoroughly conduct background checks on private institutions you lend from.

Our team has been pounding the pulpit for five years about how favorable our tax brackets are and helping clients conduct moves such as IRA to ROTH IRA conversions in order to take advantage of the current tax deal of our lifetime.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Finished my MBA (Business Analytics) in September and this work was part of my thesis.An official proforma has not been conducted.