For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

In terms of a new construction loan, there are a lot of national lenders that will do the loan. 

Also, at a much lower cost than many of the national "guru" courses.

So I would tell you that 2-5 rentals is a piece of cake to manage - even if working full time (we kept 2 corporate jobs until we were up to 20 rental units.)The other thing I would tell you is that there are MAJOR control differences between being a limited partner in a syndication - where you are more akin to a passenger on the bus which is your investment, versus full control of everything when managing your own rentals.  

As a holding co in WY used only to move money no service is actually provided in either state related to this business, I was trying to set my business bank account in FL my home state and my "national bank" will not allow.

My family owns REI Nation, and we operate in DFW, Houston, San Antonio, and 8 other cities across the Southeast.

Did you guys figure out which forms to fill out for the New Corporate Transparency Act (Fincen)?

The original property manager was a local company and then they were bought by a larger corporation.

There are many areas with high cash flow that experience little to no appreciation, and others that may cash flow a couple hundred per month that have potential of appreciation, though the values of those homes are well below national average. 

Good news is that we have one signed LOI already and negotiating on another one - a major national chain.