The following Sunday, he watched as the offering was collected and saw a little old lady put the distinctive pink envelope in the plate.

First, leases and options are two totally separate and distinct legal things.

I distinctly remember reading your post and immediately thinking that it seemed slightly out of character (what I know of you) and off.

Yes, that is a distinction, but it's not up to you to determine if you want to treat the income as business income or cap gains.

To me, the ones that are annoying are the ads and solicitations that get revived after being dormant for years.Discussions and posts where questions were asked to get assistance - those are oldies but goodies, and bringing them back every so often is actually a good thing.Hope that those distinctions make sense.

But they do have some distinct advantages, especially if you have a business that is national in scope.

Either way, they package the technique into a course and sell it as TNBT (the next big thing).After having created that specific technique, they package it with pretty video's, tons of written documents, nice web sites, fancy squeeze pages and other materials and call it "The New Secret Sauce" for Real Estate Investing and they market it nationwide.There is a distinct difference between a Real Estate Investor and a Real Estate Entreprneur.Examples:The Realtor in South Carolina who prior to the bubble bursting sold 15 properties in 15 minutes to a list of buyers he had been building for years.

Without that you start competing with the luxury complexes catering to students sprouting up along the bus routes.The good news is that if you choose to sell you have three distinct target markets: rich parents buying for their kids, college rental investors, and regular homeowners including the college faculty/staff.

That's an important distinction to understand when checking out educators.

Hi John,unfortunately, a LLC doesn't save you from paperwork - quite the contrary.You still need all your receipts to substantiate your expenses to the IRS (if it comes to defending an audit).You definitely want to have separate accounts to show that the LLC is indeed a distinct entity and you definitely do not want to mix your and the LLC moneys.Mixing personal and business funds more or less automatically kills the point and benefit of the LLC since it needs to documented as a separate, business entity.There's a ton of LLC related discussions on BP, plus I found the NOLO books on dealing with Tax for Landlords to be outstanding.You have plenty of time to ramp up on this aspect.Get a bunch more rentals under your belt to build up your net worth.