I can assure you, if you've been scoring the internet for an education, what you have are ideas, not a real education per se.

The main difference to look for in these two entities is that the LLC has SE tax on ordinary income, so you do not want to have a management company being an LLC.

Free Atlanta Foreclosure List1. 2858 Browns Mill Rd SE, Atlanta, Ga. 30354.2 or 3 BR/ 1 BA / house + 2 lots / ARV: house:$120k + lots 2x $50ea = $220k Purchase $140 / fixup house $30k.

I am in Colorado Springs but I am willing to drive to SE Denver.

If I were you'd I'd try to find something on the SW, SE, or W end.

If you are going to own the property in your name and have the LLC do the management (collect rent, pay bills, maintenance), then that will be considered ordinary trade or business income and subject to SE tax.You would want an S-corp to do that.

(Yes, I realize you didn't ask us to analyze the property per se, but you asked for a reasonable offer price, which is absolutely tied to what will make the property a good deal, which of course requires analysis.)Bottom line, if you are absolutely convinced that it is a good deal at 1.4M, then take it at 1.4M.Originally posted by "littleivy":I have lived here a long time and have seen my home increase in value from 275K to 1M in the 13 years since we bought it....and our first home, which we kept as a rental, has increased from the 195K that we bought it to being worth about 850K+.I also won the lottery the last time I played, so I figure I'll be a shoe-in for the next time I buy a ticket.Have you seen this graph?

In the SW Ohio area (Dayton, Cinci, SE Indiana, NKY)The wife and I are accidental REIs.

I don't think there is a formula per se for what you are asking.

The house is in Minnesota in a little SE town called Rollingstone.